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JPMorgan Amer InvTst JAM Interim Management Statement



  JPMorgan Amer InvTst (JAM) - Interim Management Statement

RNS Number : 3306R
JPMorgan American IT PLC
16 November 2012
 



                    JPMorgan American Investment Trust plc

                                       

                   Interim Management Statement (unaudited)

                                       

                For the three months ended 30th September 2012

 

This interim management statement relates to the quarter from 1st July 2012 to
30th September 2012 and contains  information that covers that period,  unless 
otherwise stated. 

 

Financial performance - Cumulative Total Return *

 

                1 month 3 months 1 Year 3 Years 5 Years 10 Years
Share price        2.5%     8.3%  22.1%   52.1%   52.3%   158.3%
Net asset value    0.6%     2.8%  23.1%   40.0%   38.1%   129.4%
Benchmark          0.9%     3.2%  25.2%   42.4%   30.8%   103.1%

 

* total return with net dividends reinvested

Source: JPMAM/Morningstar

 

Financial position

 

                      As at 14th November    As at 30th September   As at 30th
                              2012                   2012
                                                                    June 2012
Total assets                £495.2m                 £509.2m          £497.6m
Share price                    895.0p                 952.0p          883.5p
Net asset value               876.0p                  921.4p          901.2p
Premium / (Discount)            2.2%                   3.3%           (2.0)%
Gearing/ (net cash)           (2.8)%                   (3.0)%          (2.0)%

 

Share prices shown are closing bid

Net asset values are shown with debt at fair value on a cum income basis

Source: JPMAM/Morningstar

 

Material events

 

There were no material events during the quarter.

 

Material transactions

 

Changes to share capital:      

                                    Ordinary Shares of 25p
Shares in issue as at 1st July 2012 48,468,092
Shares bought back and cancelled    -
Shares issued - new                 920,000
As at 30th September 2012           49,388,092

 

 

Portfolio Analyses

 

Top ten holdings as at 30th September 2012

 

Stock name                   Sector                 Weight %
Apple                        Information Technology 5.2

Microsoft                    Information Technology 3.6

Exxon Mobil                  Energy                 3.5

IBM                          Information Technology 2.7

Merck & Co                   Health Care            2.4

Berkshire Hathaway           Financials             2.4

Pfizer                       Health Care            2.4

United Technologies          Industrials            2.0

Phillip Morris International Consumer Staples       1.9

Williams                     Energy                 1.9

 

Sector analysis as at 30th September 2012

 

Sector                     30th September 2012

                                             %
Information Technology                    20.7

Health Care                               13.9

Energy                                    11.7

Financials                                11.0

Consumer Discretionary                     9.8

Consumer Staples                           9.1

Industrials                                6.3

Telecommunication Services                 3.1

Utilities                                  1.2

Materials                                  0.5

Cash                                      12.7

                                              
Total                                    100.0

 

Asset analysis as at 30th September 2012

 

                       30th September 2012

                                         %
Large companies                       84.1
Small companies                        3.1
Unquoted investments                   0.1
Cash & liquidity                      12.4
Unrealised hedge value                 0.3
Total                                100.0

 

 

 

 

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

 

16th November 2012

 

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: 020 7742 4000

 

This  interim  management  statement  has  been  prepared  solely  to  provide 
information to meet the requirements of the UK Listing Authority's  Disclosure 
and Transparency Rules.

 

Neither the contents of the Company's website nor the contents of any  website 
accessible from hyperlinks on the Company's website (or any other website)  is 
incorporated into, or forms part of, this announcement

 

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

 

ENDS

 

Please note that up  to date information on  the Company, including daily  NAV 
and share  prices,  factsheets  and  portfolio information  can  be  found  at 
www.jpmamerican.co.uk.

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
IMSGGGAWGUPPGGQ -0- Nov/16/2012 11:36 GMT
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