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JAI Jpmorgan Asian Investment Trust Plc

401.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jpmorgan Asian Investment Trust Plc JAI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 401.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
401.00 401.00
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Jpmorgan Asian Investment JAI Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

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Top Posts
Posted at 13/4/2020 13:26 by ali47fish
hasn't this inv trust changed its ticker to JAGI- although citwire does list ti as JAI
Posted at 15/12/2015 18:53 by loganair
JPMorgan secures backing after arresting Asian trust decline by Daniel Grote:

Board of JPMorgan Asian recommends reappointment of managers after investment trust beats benchmark despite suffering losses.

The board of JPMorgan Asian (JAI) has recommended the reappointment of the investment trust's managers, after they arrested the decline of the 'problem child' fund.

Last year JPMorgan was told it needed to 'deliver significant performance improvement in 2015 in order to justify its reappointment' after years of 'mediocre' results that had left it languishing towards the bottom of the performance tables.

In the trust's results for the year to the end of September, chairman James Long said the managers had 'risen to and exceeded' the challenge, and the board would recommend they be reappointed at the trust's 2016 annual general meeting.

The trust's net asset value fell 2.9% over the year in a tough 12 months for Asian markets, with the MSCI Asia ex-Japan index falling 6.3% over that period.

'Although the overall return was negative in a difficult market for Asian equities generally, it is at least pleasing to note that the company's return on net assets represents an outperformance against its benchmark... of 3.4%,' said Long.

Since the period covered by the results, Richard Titherington has replaced Ted Pulling as manager of the trust, which analysts at Numis had dubbed a 'problem child' for Numis given the underperformance issues. Sonia Yu has remained as manager, working alongside Titherington.

However, Numis said JPMorgan was not yet out of the woods. 'We believe it has been positive to see the board publicly highlighting its review of the manager's performance after a period of relative poor performance, demonstrating the benefits of investment companies having an external board,' they said.

'However, it remains a relatively short period of outperformance and we would expect that the board and investors continue to keep a close eye on performance in advance of the regular, three-yearly continuation vote in 2017.'

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