10th Feb 2023 12:43
JPMorgan Mid Cap Investment Trust PLC - investment trust focused on medium-sized UK companies in the FTSE 250 index - Says its total return on net assets in the six months ended December 31 was 3.0%, marginally ahead of the company's benchmark index, the FTSE 250, which returned 2.8% over the same period. At December 31, the company's NAV per share was 994.3 pence, up from 988.8p at June 30, but down from 1,508.4p at the same time a year prior. It records a net return on investment of GBP5.6 million in the half, compared to a net return of GBP18.6 million the year prior. Looking forward, JPMorgan Mid Cap says the next 12 to 18 months provides reasons to be more optimistic, as it predicts a mild recession in the UK in 2023. Read More
