25th Feb 2019 16:34
LONDON (Alliance News) - Jupiter European Opportunities Trust PLC on Monday said that its net asset value per share dipped in the first half of the year.
For the six months to November 30, the trust posted net asset value per share down 4.5% at 744.19 pence from 778.94p at the end of May.
The company's total return came in at a negative 4.5% compared to a negative 3.4% for the FTSE World Europe ex UK Total Return Index, the trust's benchmark.
As at February 15, the trust had assets of GBP890 million.
Looking ahead, the company said it is not "immune" from wider economic and market developments.
"There will continue to be uncertainties and challenges in the months and years ahead but the investment adviser has shown over time that the companies in which it invests produce long-term outperformance for your company," Jupiter said.
Jupiter's shares closed up 0.1% at 719.00p on Monday.
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JEO.L