3rd Jun 2019 14:20
LONDON (Alliance News) - JPMorgan Indian Investment Trust PLC on Monday said it outperformed its benchmark in the first half of its current financial year, thanks to a 5.6% increase in net asset value.
The investment company said its net asset value total return for the six months to the end of March was 10.3%, while its benchmark, the MSCI India Index in sterling terms returned 10.0% over the same period.
The return to shareholders was 14.1%, reflecting a narrowing of the discount over the first half to 11.5% from 14.5%.
The stock was trading 1.2% higher on Monday at 776.00 pence a share.
JPMorgan Indian said its net asset value per share rose to 812.0p as at March 31 compared to 769.0p last year.
Looking ahead, Chair Richard Burns said: "As ever, growth in corporate profits will be the key determinant of investor returns. I am optimistic that our portfolio is placed to perform well."
Related Shares:
JPMorgan Indian