May 25, 2013 10:14 PM ET

Capital Markets

Company Overview of JPMorgan Chinese Investment Trust Plc

Company Overview

JPMorgan Chinese Investment Trust Plc is a close-ended equity mutual fund launched by J.P. Morgan Asset Management. It is managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of Hong Kong, China, and Taiwan. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies. It employs fundamental analysis with a focus on factors such as earnings and cash flow visibility, balance sheet strength, and franchise values to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Golden Dragon Index. It was previously known as JPMorgan Fleming Chinese Investment Trust....

Detailed Description

20 Finsbury Street

Finsbury Dials

Hauptsitz

London,  EC2Y 9AQ

United Kingdom

Founded in 1993

Phone:

44 20 7742 6000

Fax:

44 20 7742 8719

www.jpmfchinese.com

Key Executives for JPMorgan Chinese Investment Trust Plc

Global Head of Media M&A
Age: 48
Secretary of JPMorgan Asset Management (UK) Limited
Investment Manager
Investment Manager
Investment Manager
Compensation as of Fiscal Year 2012.

JPMorgan Chinese Investment Trust Plc Key Developments

JPMorgan Chinese Investment Trust Plc Announces Unaudited Earnings Results for the Six Months Ended March 31, 2013

JPMorgan Chinese Investment Trust Plc announced unaudited earnings results for the six months ended March 31, 2013. For the period, the company reported gains on investments held at fair value through profit or loss of £22.765 million compared to £14.095 million a year ago. Net return on ordinary activities before finance costs and taxation was £19.950 million compared to £13.599 million a year ago. Net return on ordinary activities before taxation was £19.841 million compared to £13.476 million a year ago. Net return on ordinary activities after taxation was £19.841 million compared to £13.475 million a year ago. Return per ordinary share was 25.91 pence compared to 17.31 pence a year ago. Net cash outflow from operating activities was £0.818 million compared to £0.730 million a year ago. Net cash outflow from capital expenditure and financial investment was £2.419 million compared to £3.439 million a year ago. Net debt at the end of the period was £18.308 million compared to £11.369 million a year ago.

JPMorgan Chinese Investment Trust Plc, Annual General Meeting, Jan 22, 2013

JPMorgan Chinese Investment Trust Plc, Annual General Meeting, Jan 22, 2013., at 11:00 GMT Standard Time. Location: The Armourers' Hall. Agenda: To approve dividend.

JPMorgan Chinese Investment Trust Plc Reports Earnings Results for the Year Ended September 30, 2012; Recommends Dividend for the Financial Year Ended September 30, 2012, Payable on January 29, 2013

JPMorgan Chinese Investment Trust Plc reported earnings results for the year ended September 30, 2012. For the period, the company reported losses on investments held at fair value through loss of £12,133,000 compared with £23,762,000 for the same period last year. Income from investments of £3,431,000 compared with £3,546,000 for the same period last year. Net income on ordinary activities before taxation was £14,048,000 compared with net loss on ordinary activities before taxation of £22,081,000 for the same period last year. Net income on ordinary activities after taxation of £13,690,000 compared with net loss on ordinary activities after taxation of £22,514,000 for the same period last year. Return per ordinary share was 17.59 pence as compared to loss per ordinary share of 28.95 pence for the same period last year. Net cash inflow from operating activities was £1,256,000 as compared to net cash outflow from operating activities of £312,000 for the same period last year. Purchases of investments were £110,901,000 as compared to £140,080,000 for the same period last year. The Board is recommending a dividend of 1.60 pence (2011: 1.30 pence) per share in respect of the financial year ended September 30, 2012 given the company's return on its revenue account. Subject to shareholders' approval at the annual general meeting, this dividend will be paid on January 29, 2013 to shareholders on the register at the close of business on December 21, 2012.

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