23rd May 2014 13:31
LONDON (Alliance News) - JPMorgan Indian Investment Trust PLC Friday said it outperformed its benchmark in the six months to March 31, as the portfolio's "overweight positions in financials and consumer discretionary stocks proved beneficial".
The company said it produced a total return on net assets of 18.7% during the period compared with the MSCI India Index which returned 15.9%.
The return to shareholders was 20.9%, reflecting a narrowing of the discount to 13.3% from 14.8%.
JPMorgan Indian Investment shares were quoted up 0.6% at 398.00 pence Friday afternoon.
By Anthony Tshibangu; [email protected];
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