JPMorgan Emerg Mkts (JMG) - Interim Management Statement RNS Number : 4656R JPMorgan Emerging Mkts Invest Trust 19 November 2012 JPMorgan Emerging Markets Investment Trust plc Interim Management Statement 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 2.1% 2.0% 10.9% 21.4% 23.4% 534.1% Net asset value 2.8% 4.2% 13.3% 26.0% 24.5% 486.3% Benchmark 4.3% 4.7% 12.8% 16.7% 18.3% 368.2% * Total return using capital-only NAVs, with net dividends reinvested Source: JPMAM/Morningstar Financial position As at 30th September 2012 As at 16th November 2012 Total assets £750.2m £755.7m Share price 542.0p 547.5p Subscription Share price 64.0p 76.0p Net asset value 603.0p 614.95p Discount 10.1% 10.97% Net Cash 4.7% 1.02% Share prices shown are closing, bid Net asset values are shown excluding income, with debt at par value. Source: JPMAM/Morningstar Material events At the Annual General Meeting of the Company held on 12th November 2012, all the ordinary business put to shareholders was passed. In addition, three items of special business were passed which: i.) allow the Company to allot new shares up to an aggregate nominal amount of £1,523,800, representing 5% of the Company's issued Ordinary share capital; ii.) allow the disapplication of pre-emption rights on the allotment of new Ordinary shares and by way of a sale of Treasury shares; and iii.) allow the Company to make market purchases of up to 18,273,418 Ordinary shares and 1,528,399 Subscription shares each representing 14.99% of the Company's issued share capital. The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.jpmemergingmarkets.co.uk The Investment Manager's AGM presentation and a summary of proxy votes received are available on the Company's website, www.jpmemergingmarkets.co.uk Material transactions Changes to share capital Ordinary Shares of 25p Ordinary shares in issue as at 1st July 2012 114,762,153 Shares bought back in to Treasury 93,335 Shares issued due to exercise of Subscription shares 7,235,236 Ordinary Shares in issue as at 30th September 2012 121,904,054 Ordinary Shares in issue as at 30th September 2012 10,196,136 Since 30th September 2012, the Company has issued, due to exercise of Subscription shares, a further 608 shares and has bought back a total of 831,420 shares into Treasury. Portfolio Analyses Top ten holdings as at 30th September 2012 Stock name Country Weight % Housing Development Finance India 3.8 Taiwan Semiconductor Manufacturing ADS Taiwan 2.7 Grupo Financiero Banorte Mexico 2.3 Companhia Vale do Rio Doce ADR Brazil 2.3 Ultrapar Participacoes Brazil 2.2 Hyundai Motor Korea 2.2 International Personal Finance United Kingdom 2.2 Petroleo Brasileiro ADR Brazil 2.2 Hyundai Mobis Korea 2.1 Turkiye Garanti Bankasi Turkey 2.1 Sector analysis as at 30th September 2012 Sector Portfolio % Financials 31.9 Consumer Staples 18.6 Consumer Discretionary 10.5 Industrials 9.3 Information Technology 8.9 Materials 6.2 Energy 5.9 Telecommunication Services 3.5 Health Care 0.7 Cash 4.5 Total 100.00 Geographical Analysis as at 30th September 2012 Country Portfolio % Brazil 16.4 India 13.1 South Africa 12.9 Hong Kong 10.0 China 8.8 Mexico 6.7 South Korea 6.1 Taiwan 5.4 Indonesia 4.6 Turkey 2.8 Russia 2.7 UK 2.2 Malaysia 1.4 Chile 1.3 Argentina 1.1 Cash 4.5 Total 100.00 By order of the Board Jonathan Latter, for and on behalf of JPMorgan Asset Management (UK) Limited, Secretary 19th 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.jpmemergingmarkets.co.uk This information is provided by RNS The company news service from the London Stock Exchange END IMSDMMMMFLFGZZM -0- Nov/19/2012 13:45 GMT
JPMorgan Emerg Mkts JMG Interim Management Statement
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