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Prices & Quotes - UK Markets - JPMorgan American Inv Trust (JAM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 576.00p
Change Today:
6.00p
Market Cap:
£1,145.96m
Sector:
Equity Investment Instruments

Small underperformance from JPMorgan American

Date: Thursday 11 Mar 2010

LONDON (ShareCast) - JPMorgan American Investment Trust marginally underperformed the sterling total return on the S&P 500 index in 2009.

The index’s total return was 26% but adjusted for sterling the improvement was 12.2%. The investment trust’s total return was 11.6%.

The net asset value per share improved from 687.4p to 752.4p.

JPMorgan American IT is fully invested at the moment.

The large cap investments failed to keep up with the improvement in the market because of the defensive nature of the portfolio earlier in the year. The large cap company portfolio is now overweight in technology, oils and financials and underweight in consumer sectors and other energy. The small cap portfolio performed strongly.

The investment manager believes that “the US economy will grow at a slightly above-trend rate in 2010, just enough to nudge the unemployment rate a bit lower”.

“S&P 500 operating earnings per share are expected to rise by 25% or more this year, as sustained cost containment and moderate economic growth allow firms to benefit from both revenue gains and higher profit margins. In addition, US equities still look attractive on a free cash flow valuation basis, especially given today's low borrowing costs.”

The investment manager adds that the “vigour of the 2009 rally is unlikely to be maintained”.

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JAM Market Data

Currency UK Pounds
Price 576.00p
Change Today 6.00p
52 Week High 576.00p
52 Week Low 338.00p
Volume 245,579
Shares Issued 198.95m
Market Cap £1,145.96m

Performance Indicators

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JAM Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 27-Aug-20 23-Apr-20
Paid 02-Oct-20 18-May-20
Amount 2.50p 4.00p

Trades for 04-Dec-2020

Time Volume / Share Price
16:36 1,700 @ 576.00p
16:35 56,412 @ 576.00p
16:29 1 @ 572.69p
16:27 676 @ 575.00p
16:27 482 @ 575.00p

JAM Key Personnel

Chair Kevin Carter