3rd Jun 2014 10:01
LONDON (Alliance News) - JPMorgan Global Emerging Markets Income Trust PLC Tuesday said it outperformed its benchmark over one and three month periods ended April 30, but said its net asset value increased to 115.9 pence, from 110.5 pence, one month on from that date.
Financial position
| As at April 30 2014 | As at May 30 2014 |
Total assets | GBP317.9m | GBP340.0m |
Share price | 113.8p | 121.3p |
Net asset value | 110.5p | 115.9p |
Premium | 2.9% | 4.7% |
Gearing | 5.8% | 5.7% |
Share prices shown are closing, bid; Net asset values are shown excluding income, with debt at par value. Source: JPMAM/Morningstar
Financial performance - Cumulative Total Return *
1 month | 3 months | 1 year | 3 year | Since inception | |
Share price | 0.4% | 7.3% | -9.1% | 12.1% | 25.5% |
Benchmark | -0.9% | 4.0% | -9.5% | -11.9% | 1.5% |
Net asset value | 0.2% | 6.8% | -9.8% | 12.8% | 30.0% |
* total return with net dividends reinvested Source: JPMAM/Morningstar
Portfolio
Top ten holdings April 30, 2014
Stock name | Sector | Weight % |
Delta Electronics | Information Technology | 2.2 |
Bidvest Group | Industrials | 2.2 |
Quanta Computer | Information Technology | 2.1 |
Siliconware Precision | Information Technology | 2.0 |
Advanced Info Services | Telecommunication Services | 1.9 |
Banco do Brasil | Financials | 1.9 |
Bank of China | Financials | 1.9 |
Siam Cement | Materials | 1.8 |
Telekomunikasi Indonesia | Telecommunication Services | 1.8 |
Taiwan Semiconductor | Information Technology | 1.8 |
Sector analysis as at April 30, 2014
Sector |
Portfolio % |
Telecommunication Services | 16.8 |
Financials | 16.7 |
Information Technology | 15.0 |
Energy | 11.1 |
Consumer Discretionary | 11.0 |
Industrials | 10.1 |
Materials | 7.4 |
Consumer Staples | 6.7 |
Utilities Health Care | 3.2 0.0 |
Cash | 2.0 |
Total | 100.0 |
Geographical Analysis April 30
Country | Portfolio % | |
China | 18.6 |
|
Taiwan | 16.8 |
|
South Africa | 11.3 |
|
Brazil | 10.7 |
|
Russia | 7.3 |
|
Turkey | 5.8 |
|
South Korea | 5.3 |
|
Thailand | 4.9 |
|
Saudi Arabia | 4.3 |
|
Indonesia | 3.6 |
|
Poland | 1.9 |
|
Qatar | 1.7 |
|
Others | 5.8 |
|
Cash | 2.0 |
|
Total | 100.0 | |
JPMorgan Global Emerging Markets Income Trust shares were Tuesday quoted at 121.19 pence, up 0.2%.
By Samuel Agini; [email protected]; @samuelagini
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