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IN BRIEF: JPMorgan China Growth & Income net asset value rises

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

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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