FTSE 250 firm JPMorgan Emerging Markets Investment Trust disappointed its investors after revealing a 1.1 per cent decline in its net asset value (NAV) during the last month, alongside a first quarter fall in total assets.
Total assets at May 15th were £671.2m compared to £733.7m at March 31st, while the NAV in that period dropped from 614.2p to 566.7p. Over the past year the NAV has fallen 5.1%, but gained 10.4% in the past month.
Gearing also dropped slightly since the end of March by 0.3 percentage points to 96.0%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The benchmark fell 3.3% in the past month, up 11% over the past three months and down 8.5% during the last year.
The share price fell 0.29% to 510.50p by 14:00.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
