23rd May 2014 13:32
LONDON (Alliance News) - JPMorgan European Smaller Companies Trust PLC Friday said it outperformed its benchmark in the full year, due to positive stock selection and successful management of the portfolio's gearing.
The company said it produced a total return on net assets of 40.2% in the period ended March 31 compared with the MSCI India Index which returned 32.8%.
The return to shareholders was 43.6%, reflecting a narrowing of the discount to 11.3% from 13.0%
JPMorgan European Smaller Companies Trust shares were quoted up 0.2% at 1,118.80 pence Friday.
By Anthony Tshibangu; [email protected]
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