30th Jan 2014 17:33
LONDON (Alliance News) - JPMorgan Japanese Investment Trust PLC Thursday said it outperformed its benchmark in one and three month periods to the end of last year.
The investment trust, which counted Sumitomo Mitsui Financial as its top exposure at the end of last year, said its net asset value total return was 1.1% and its share price 0.8% in the month to December 31 2013, compared to a 0.2% decline in the benchmark.
Over the three months, the net asset value total return was 1.3%, that of the share price at 3.4%, and the benchmark down 0.3%.
Since the end of the year to January 29, net asset value per share has risen to 266.4 pence from 265.7 pence.
Its level of gearing - the amount of borrowed money it invests - rose to 14.1% from 13.0%.
The discount of its share price to net asset value was recorded at 11.4% on January 29.
The trust's shares were Thursday quoted at 234.5 pence, down 1.5 pence, or 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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