26th May 2023 10:25
JPMorgan China Growth & Income PLC - Investor in Chinese companies - For the six months ended March 31, net asset value per share rises 5.8% to 361.5 pence, from 341.7p at end of September. Total return on net assets was 7.9% compared to the benchmark return of 7.3%. The company says the period has been a return to growth following the "Chinese government's decision to reverse course in several key policy areas" in the half-year. China's government rolled back Covid-19 curbs and also pared back its technology sector crackdown.
Despite geopolitical and macroeconomic tensions, the company remains confident in its investment strategy and that it can deliver superior long-term total returns.
Current stock price: 263.46 pence, down 1.5%
12-month change: down 22%
By Will Neill, Alliance News reporter
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