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JPMorgan American Investment Trust is to tap the market with a share placing with professional investors. The company plans to issue up to 1.19m shares at a price to be announced on Thursday. The new shares to be issued represent around 2.55 of the current issued share capital of JP Morgan American
Read moreJPMorgan 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 68
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