Edison Investment Research - JPMorgan Euro Small Co. Trust (JESC) Strong continuity of management

Report

Edison Investment Research

Sarah Godfrey

Strong continuity of management

JPMorgan European Smaller Companies Trust (JESC) is managed by a dedicated, highly experienced, three-man team. The ‘best ideas’ portfolio, which generally comprises 60-80 holdings, currently numbers 63. Stocks are selected on a bottom-up basis from a universe of c 1,000 companies, which constitute the Euromoney Smaller Companies ex-UK index, the trust’s benchmark. Long-term performance has been strong, as evidenced by its 10- and 20-year NAV and share price returns, which comfortably outstrip the benchmark and the MSCI Europe ex-UK index.

09/01/2017 8 EN

Underlying

JPMorgan Euro Small Co. Trust

JPMorgan European Smaller Companies Trust is an investment trust company and invests primarily in european equities. Co.'s operations are located in the U.K. As of Mar 31 2017, Co.'s investment portfolio totaled £653.6 million.

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GB00BMTS0Z37 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sarah Godfrey

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Strong continuity of management

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

JPMorgan European Discovery Trust - Becoming more stylistically balanced

Edison Investment Research Limited: JPMorgan European Discovery Trust (JEDT) - Initiation: A core option within a niche market

Tinexta - Typical seasonality in Q124

Dentsu Group - FY24 prospects weighted to H2

Record - AUME momentum and a sharper focus

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