16th Dec 2020 18:41
JPMorgan Japan Small Cap Growth & Income PLC - Japanese equity investor - Report significant turnaround in investment performance for interim period. Says net asset value per share ends September at 552.3 pence compared to 460.20p at the same point the year before. Total return on net assets was 40.2% compared with a total return of 18.6% recorded by S&P Japan SmallCap Net Return Index benchmark, representing an outperformance of 21.6%. Says it is encouraged by performance over this six-month period and confident it will continue to deliver long-term outperformance.
"Given the company's positioning, there may be times ahead when relative performance will falter, but we believe that any such periods of underperformance will be short-lived and marginal. Moreover, the Board maintains full confidence in the company's stance, strategy and stock selection process: we believe the company is well placed to deliver positive and superior returns for investors over the longer term," says Chair Alexa Henderson.
Also changes name to JPMorgan Japan Small Cap Growth & Income to "better reflect current investment objective and dividend policy".
Current stock price: 561.5p
Year-to-date change: up 29%
By Arvind Bhunjun; [email protected]
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