JPMorgan European Discovery Trust (LSE: JEDT)

Currency in GBP

Last close As at 28/11/2023


−2.50 (−0.63%)

Market capitalisation


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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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


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.



Investment Companies

European equities


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Listed Private Equity


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