JPMorgan European Growth shares fall despite full-year outperformance

(Sharecast News) - JPMorgan European Growth & Income reported a 20.1% total return on net assets for the year ended 31 March, outperforming its benchmark by 5.3 percentage points and extending its sector-leading performance record. The FTSE 250 investment trust said its share price total return was 21.2%, while net assets rose to £570.9m from £498.6m.

Net asset value per share increased to 135.2p from 118.1p, and the company paid dividends of 5.0p per share for the year, giving an estimated yield of 3.9% based on the year-end share price.

Chair Rita Dhut said the board of European Opportunities Trust had selected JEGI as the default rollover option for its shareholders, a proposed transaction expected to increase scale, improve liquidity and reduce ongoing charges.

The company said details of the timetable were expected in July.

At 0901 BST, shares in JPMorgan European Growth & Income were down 1.28% at 147.49p.

Reporting by Josh White for Sharecast.com.

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