JPMorgan Investment Trust reveals decline in NAV

17th May 2012 13:43

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%. 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