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JPMorgan Elect's Total Return Rises Over Year, Slightly Underperforms

Thu, 30th Oct 2014 17:14

LONDON (Alliance News) - JPMorgan Elect PLC Thursday said its managed growth portfolio delivered a total return on net assets of 10.8% over the financial year ended August 31, marginally underperforming its benchmark.

The company said the total return compared with a return of 11.7% for the portfolio's composite benchmark index, comprised equally of the FTSE All-Share and FTSE World (ex-UK) indices.

It said its share price total return was 10.7%, reflecting a slight widening of the discount at which the shares traded over the period.

The company said its portfolio produced a total return on net assets of 13.9% during the year, compared with 10.1% for the composite benchmark.

JPMorgan Elect shares closed trading Thursday 0.9% higher at 546.16 pence.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty