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JPMorgan American beats benchmark

04 August 2017 08:17

JPMorgan American Investment Trust outperformed its benchmark in the six months to the end of June.

It said the total return on net assets per share in sterling terms was +5.8%, which compared favourably with the total return from the company's benchmark, the S&P 500 Index in sterling terms, of +3.9%.

Chairman Dr Kevin Carter said: "Following the significant boost that currency provided last year to returns as the dollar strengthened against sterling by 16.6%, this year sterling has strengthened by 5.3% against the dollar and reduced market returns accordingly."

At 8:17am: (LON:JAM) JPMorgan American IT Plc share price was +0.75p at 385.25p

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