<div id="readability-page-1"><div>(Alliance News) - JPMorgan Japanese Investment Trust PLC on Thursday reported a rise in its full-year net asset value total return, beating its benchmark index, as gains were made on AI and defence.JPMorgan Investment, which seeks capital growth from a portfolio of investments in Japanese companies, said NAV per share stood at 766.2 pence at September 30, up 24% from 619.2p year-on-year.The fair-value NAV total return was 25.0% for the year ended September 30, rising from 24.2% last year. This beat the trust's benchmark return, which was 16.9%.Noting that Japan had begun to spend a larger proportion of its GDP on defence, the company said it had added domestic contractors to its portfolio during the period, such as heavy engineering conglomerate IHI Corp.JPMorgan Japanese added that several of its holdings are intended to capitalise on AI-enabled modernisation. Accordingly, Advantest Corp, a semiconductor and testing equipment supplier, and IHI were two of the most significant contributors to returns over the past year, the trust said. Meanwhile, Keyence Corp, Japan Exchange Group Inc and Tokyo Electron Ltd were said to be the biggest detractors from returns over the year. The trust declared a final dividend of 8.70p, rising 29% from 6.75p last year. Looking ahead, JPMorgan Japanese said trends such as &#34;de-globalisation, supply-chain reshoring, the modernisation of defence capabilities, and accelerating digitisation&#34; provide &#34;optimism&#34; for future growth. &#34;This outperformance is a testament to our investment team's ability to identify and capitalise on opportunities, even as value stocks continued to outperform the quality and growth stocks usually favoured by the portfolio managers,&#34; said Chair Stephen Cohen.&#34;Their focus on companies which are enthusiastically embracing corporate reforms and benefiting accordingly, boosted relative returns. So did the portfolio managers' decision to increase exposure to new growth areas, notably defence.&#34;Shares in JPMorgan Japanese fell 0.7% to 702.14p on Thursday morning in London. By Roya Shahidi, Alliance News reporterComments and questions to newsroom@alliancenews.comCopyright 2025 Alliance News Ltd. All Rights Reserved.</div></div>

摩根大通

摩根大通日本投資信託公司報告稱，其全年每股淨資產價值上漲了 24%，超越了基準指數的 25% 總回報。該信託受益於對人工智能和國防行業的投資，將 IHI 公司和 Advantest 公司等納入其投資組合。儘管股價下跌了 0.7%，該信託仍宣佈了 29% 更高的期末股息。根據董事長 Stephen Cohen 的説法，未來的增長預計將受益於去全球化和數字化等趨勢

摩根大通日本基金因涉足新興增長領域而表現優於基準