3rd Dec 2021 15:51
JPMorgan China Growth & Income PLC - invests in Chinese companies - For the year ended September 30, net asset value total return is 4.1%, compared to the MSCI China Index, which made a negative return of 11.2%. At the end of September, NAV per share rose 0.7% to 569.0 pence from 565.3p the same date the year before.
"Through the last quarter of the 2021 financial year and into the current year there have been a series of regulatory changes in China affecting several market sectors, including those in which we have been invested. These have combined with some concerns about a slowing economy in China, worries about fragility in the property sector and geopolitical concerns to cause some negative sentiment towards investment in China in the short term," says Chair John Misselbrook.
Current stock price: 515.00 pence, down 2.8% on Friday
Year-to-date change: down 25%
By Dayo Laniyan; [email protected]
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