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.
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
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loopMany families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price dropAsking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south
