13th Jun 2014 10:19
LONDON (Alliance News) - JPMorgan Japan Smaller Companies Trust PLC Friday said its undiluted total return on net assets, or portfolio return, was 3.9% in the year to end-March, which exceeded the return on its benchmark, the S&P/Citigroup Japan Extended Market Index (Total Return Net), which fell by 4.1%.
"Japan is enjoying a recent and rare period of political stability, with Prime Minister Shinzo Abe achieving high levels of popular support and working with a settled Cabinet of ministerial colleagues. The economy looks to have emerged from its deflationary past and nominal GDP is growing again, with both prices and wages gently moving ahead. There are undoubtedly challenges to meet and question marks over the durability of the economy's present course but your Board considers that optimism regarding Japan's economic prospects is justified," it said in an outlook statement.
By Steve McGrath; [email protected]; @SteveMcGrath1
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