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QuotedData’s morning briefing 9 June 2021

JPMorgan Indian JII

In QuotedData’s morning briefing 9 June 2021 –

  • JPMorgan Indian (JII) announced interim results to 31 March 2021. While the fund performed well, it was of course a very difficult time for India as a whole. JII managed to deliver a total return NAV return of 21.8%, which compares with a return of 19.2% from its sterling-denominated benchmark (the MSCI India Index). JII’s total return to shareholders was higher at 28.1% during the period, as the discount narrowed. In her outlook statement, Rosemary Morgan, JII’s chair, noted that “after a period of weak earnings over the past few years, India has been forecast to deliver the fastest growth rate of any major country over the next decade.”
  • JLEN Environmental Assets (JLEN) announce the appointments of Alan Bates and Jo Harrison as directors, with effect from 10 June 2021. In line with the company’s succession plan, Peter Neville, director and chair of the audit committee, has indicated his intention to stand down from the board following the JLEN’s AGM in September 2021.  
  • Custodian REIT (CREI) has acquired an industrial scheme on Knowsley Business Park, Liverpool, for £3.5m, reflecting a yield of 5.74%. The five units are occupied by Portakabin, Green Thumb, Central Electrical Armature and Med Imaging with a weighted average unexpired term to first break or expiry of 4.0 years.

We also have annual results from Baillie Gifford UK GrowthPersonal Assets and Urban Logistics REIT.

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