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Interim Results

JPMorgan Asian IT lags benchmark

26 May 2017 09:49

JPMorgan Asian Investment Trust lagged its benchmark in the six months to the end of March.

The company delivered a total return on net assets of 9.1% compared with a 10.4% increase in the MSCI Asia ex Japan Index.

The return to ordinary shareholders was 12.8%, reflecting a narrowing of the company's discount over the period.

Chairman Bronwyn Curtis said: "The company's performance since the end of March 2017 has been strong and the company is now outperforming its benchmark over its financial year to date.

"Our investment management team continues to remain positive on the outlook for Asian equities going forward, and whilst there remains a broad mix of economic and political threats to consider, valuations look appealing when compared with both the US and Europe."

At 9:49am: (LON:JAI) JPMorgan Asian Investment Trust Plc share price was +0.88p at 318.88p

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