My personal portfolio: JPM Chinese investment position increased
Comment of the Day

May 17 2013

Commentary by David Fuller

My personal portfolio: JPM Chinese investment position increased

David Fuller's view Following my latest comments on China yesterday and its further gains today, I increased my long positions in the JPMorgan Chinese Investment Trust (JMC LN) (weekly & daily) this afternoon, paying 160.25p. I also opened a spread-bet long, paying 162.14p for the December position, including the dealing spread of nearly 4p. JMC currently trades at a discount to NAV of over 11%, according to Bloomberg.

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