JPMorgan European IT announces 'very disappointing' annual results
Shareholders lost 16.3% over the past year
Total return on the income part of the portfolio also far underperformed the same benchmark, down 27.5%
JPMorgan European investment trust has announced "very disappointing" annual results for the year to 31 March 2020, struck by "negative sentiment to investing in Europe" combined with the coronavirus pandemic.
Total return to shareholders for the growth part of the portfolio was a loss of 16.3%, inclusive of share price movement and dividend income, compared with its MSCI Europe ex UK benchmark's loss of 8.3%....
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