JP Morgan Global Core Real Asset down 8.9% for the year

Discount to underlying NAV

The share price total return at JP Morgan Global Core Real Assets (JARA) was down 8.9% in the year to 28 February 2022, reflecting a discount to underlying NAV, according to its annual results published today (4 July).

Gains on investments jumped from £9.3m for the year to February 2021, to £16m in 12 months. Total return over the period was up at £26.8m, compared to £11m the year prior, marking a 12.9% increase, while returns before taxes and costs finished at £24.2m, up from £12.3m last year. Net asset value per share finished at 95p, compared to 87.9p in 2021. Total return per share climbed to 11.06p, up from 6.16p last year. Total assets less liabilities increased from £183.5m in 2021, to £206.6m. Impact of Russia-Ukraine war ripples across real assets Chair John Scott said in a stateme...