7th Aug 2015 10:26
LONDON (Alliance News) - JPMorgan Claverhouse Investment Trust PLC on Friday said its performance exceeded that of its benchmark in the first six months of 2015.
In a statement, the trust said its total return on net assets was 4.2% in the first half, ahead of the 3.0% return for the FTSE All-Share Index.
"The UK economy seems to be in robust shape and thus the outlook for equities positive. Recent events in Greece and the Eurozone remind us that there is always the possibility of short term market volatility but, as the investment managers state in their report, I would encourage shareholders to take a medium to long term view," Chairman Andrew Sutch said in a statement.
William Meadon and Sarah Emly, the trust's investment managers, said investors should be prepared for some volatility in share prices, and advised them to focus on the medium term prospects for the UK stock market, which they think to be positive.
"We remain positive on the medium term outlook for UK equities but expect returns to come in a more volatile manner over the next twelve months. The UK economy is still in pretty good shape with growth currently the strongest of any major advanced economy whilst inflation and interest rates remain at historically very low levels. However, with continuing uncertainties in Greece and the huge Chinese economy slowing rapidly, the immediate outlook is uncertain," Meadon and Emly said.
By Samuel Agini; [email protected]; @samuelagini
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