5th Jun 2019 10:44
LONDON (Alliance News) - JPMorgan European Smaller Cos Traust PLC on Wednesday said it underperformed against its benchmark for its most recently ended financial year.
For the year ended march 31, the investment firm's total return was negative 7.5% compared to a negative 3.6% for its benchmark index the Euromoney Smaller European Companies Index.
As at March 31, the trust's net asset value per share stood at 400.0 pence, significantly lower than 438.9p at the same date in 2018.
The trust proposed a final dividend of 5.5 pence per share to be paid on July 18 to shareholders on the register at June 14. Alongside the interim dividend of 1.2p, this makes for a total annual payout of 6.7p per share.
Looking ahead, the company said it remains cautious due to global issues such as the trade war between US and China and Brexit.
JPMorgan European Smaller shares were trading up 0.3% at 351.00 pence each.
Related Shares:
JESC.L