30th May 2022 15:42
JPMorgan Asia Growth & Income PLC - invests in Asia-Pacific equities - Says loss on net assets in the half year ended March 31 was 6.9%, matching its benchmark, as a result of "volatility" in the Asian markets, with China hit particularly hard. Swings to net pretax loss of GBP30.2 million from a profit of GBP70.2 million a year prior. Net asset value per share at the end of the period drops to 420.5 pence, a 14% decrease from 487.1p a year before, and down 8.7% from 460.7p at September 30. Paid out two interim dividends during the period totaling 8.7p, having paid a total for the previous financial year of 15.8p. Dividends will continue to be equivalent to 1% of its net asset value, the firm says. Read More
