21st Jun 2024 16:27
JPMorgan Japan Small Cap Growth & Income PLC - investment company focused on Japanese small caps - Net asset value per share at March 31 is 362.4 pence compared with 359.6p a year prior. In the 12 months to March 31, produces total return on net assets of 5.0%, while its benchmark, the MSCI Japan Small Cap Net Return Index, produced a total return of 12%, resulting in an underperformance of 7.0%. Declares total dividend of 14.2p, unchanged from a year ago. "This is a disappointing result, which is due in part to the company's investment style which has a bias towards smaller cap, quality, growth names," the company says. Notes during the year the market has favoured "larger, lower-quality value-oriented stocks which do not meet the company's investment criteria, due to their unappealing growth characteristics". Read More
