(Alliance News) - JPMorgan Global Core Real Assets Ltd on Thursday said it plans to buy back shares on an ad hoc basis.
The London, England-based trust focused on a diversified return potential cited a disconnect between the price at which its shares trade and the net asset value per share.
The company in December reported a NAV per share of 102.92 pence for November 30, when its share price traded at 95.40p. Its shares rose on Thursday rose 6.9% day-to-day to 78.00 pence each in London.
JPMorgan Global Core said its portfolio is trading resiliently in a volatile market, citing its real estate, infrastructure and transportation allocations.
By Tom Budszus, Alliance News reporter
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Jpmorgan Global (JARA)