JPMorgan Investment Trust reveals decline in NAV

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%.

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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.

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