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JPMorgan European Discovery Trust (LSE: JEDT)

Currency in GBP

Last close As at 28/11/2023

GBP3.96

▲ −2.50 (−0.63%)

Market capitalisation

GBP613m

JPMorgan European Discovery Trust (JEDT) aims to provide capital growth from a diversified portfolio of smaller European companies (ex-UK). With JEDT’s focus on capital growth, shareholders should expect the dividend to vary from year to year. The company can borrow to gear the portfolio within a range of 20% net cash to 20% geared in normal market conditions.

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Investment Companies | Update

JPMorgan European Discovery Trust — A balanced trust targeting a world-beating market

Investment Companies | Update

JPMorgan European Discovery Trust — Becoming more stylistically balanced

Investment Companies | Initiation

JPMorgan European Discovery Trust — A core option within a niche market

Review

JPMorgan European Smaller Companies Trust — Building on long-term positive track record
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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Edward Greaves

    Fund manager

  • Francesco Conte

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 11.6 5.1 (2.9)
Relative 8.1 3.5 (2.0)
52 week high/low 448.0p/354.5p

Overview

JPMorgan European Discovery Trust (JEDT) invests in European small-cap companies (excluding UK), with the aim of providing shareholders with long term capital growth. The investment case for this sector is clear and simple. European small caps have outperformed most other markets over the long term. JEDT’s disappointing performance during H122 prompted its managers to rotate out of high-growth IT software and medtech stocks, in favour of a more balanced approach focused on quality and value names. Many of these acquisitions are now contributing to returns.

Research

Update

Investment Companies

JPMorgan European Discovery Trust — Becoming more stylistically balanced

Initiation

Investment Companies

JPMorgan European Discovery Trust — A core option within a niche market

Investment Companies

Update

JPMorgan European Discovery Trust — A balanced trust targeting a world-beating market

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