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    1. UK Capabilities

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    UK equity solutions to power your portfolio

    Benefit from the experience and expertise of a dedicated UK equity investment team

    Your capital may be at risk

     

    UK expertise you can count on

    The UK stock market is one of the most diverse globally, providing access to attractive companies with broad international exposure, as well as strong domestically-focused stocks.

    Capitalising on these opportunities requires dedicated expertise. Our team of experienced UK equity investors selects attractive investments using a distinctive stock selection process that has been fine tuned for over three decades.

    We aim to invest in UK companies that are attractively valued, have the highest quality management teams, and which can grow their profits over time.

    The UK stock market is full of long-term opportunity

    Our active stock research is designed to help investors capitalise fully on the UK stock market's growth and income potential:

    • The UK stock market is cheap, with UK stock valuations currently as low as they have been at any time in the last 30 years.
    • In a world where income is increasingly hard to come by, UK equities offer an attractive dividend yield relative to other equity markets.
    • Recent market turbulence has exacerbated valuation discrepancies in the UK market, creating fertile conditions for active stock pickers to add value across sectors.

    UK stocks are currently good value compared to history MSCI UK CAPE ratio x, multiple

    Average: 16.1x

     

    Source: IBES, MSCI, Refinitiv Datastream, J.P. Morgan Asset Management. Cyclically-adjusted P/E (CAPE) is price-to-earnings ratio adjusted using trailing 10-year average inflation-adjusted earnings. Past performance is not a reliable indicator of current and future results. Data as of 31 December 2021.

    UK equity insights

    Get the latest thoughts on the UK market and the UK economy from our market strategists, and find out where we're currently finding attractive UK investment opportunities.
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    Realising value in UK equities

    Read now
    uk_equities_500907542_binoculars_590x166px

    How identifying ESG improvers can drive UK equity returns

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    uk_equities_1162152068_tunnel_590x166px

    Finding UK ESG opportunities where you might not expect them

    Read now

     

    UK equity solutions for every investor

    Whether you’re looking for a fund to sit at the core of your portfolio, or want to add diversification via an unconstrained, active extension or small cap strategy, our UK equity OEICs and investment trusts provide a comprehensive range of ESG-integrated solutions— spanning the full risk-return spectrum.

    JP Morgan

    Core

    JPM UK Equity
    Core Fund

    JPM UK Equity
    Plus Fund

    Income

    JPM UK Equity
    Income Fund

    JPMorgan Claverhouse
    Investment Trust plc

    Sustainable

    JPM UK Sustainable
    Equity Fund

    Style

    JPM UK Equity
    Growth Fund

    JPM UK Equity
    Value Fund

    Unconstrained

    JPM UK
    Dynamic Fund

    SMID

    JPM UK Smaller
    Companies Fund

    JPMorgan Smaller Companies
    Investment Trust plc

    JPMorgan Mid Cap
    Investment Trust plc

    The Mercantile
    Investment Trust plc

    JPMorgan Fund ICVC - JPM UK Equity Core Fund

    Investment objective

    To provide capital growth and outperform the FTSE™ All-Share Index (Net) over the long- term (5-10 years), after fees, by investing at least 80% of the Fund's assets in a portfolio of UK companies.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Hedging

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund II ICVC - JPM UK Equity Plus Fund

    Investment objective

    To provide capital growth over the long-term (5-10 years) through exposure to UK companies by direct investments in securities of such companies and through the use of derivatives.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Concentration

    Derivatives

    Hedging

    Short positions

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Liquidity

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund II ICVC - JPM UK Equity Income Fund

    Investment objective

    The Fund aims to generate a yield, after fees, over a 3 year rolling period, in excess of the FTSE™ All-Share Index and to provide capital growth over the long-term (5-10 years).

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Concentration

    Hedging

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Liquidity

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Claverhouse Investment Trust plc

    Investment objective

    The Company aims to provide a combination of capital and income growth from a portfolio consisting mostly of companies listed on the London Stock Exchange. The Company's portfolio consists typically between 60 and 80 individual equities in which the Manager has high conviction. The Company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 20% geared in normal market conditions.

    Risk reward 4 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    • Where permitted, a Company may invest in other investment funds that utilise gearing (borrowing) which will exaggerate market movements both up and down.
    • This Company may use derivatives for investment purposes or for efficient portfolio management.
    • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds and income could decline at the same time, or fluctuate in response to the performance of individual companies and general market conditions.
    • This Company may utilise gearing (borrowing) which will exaggerate market movements both up and down.
    • This Company may also invest in smaller companies which may increase its risk profile.
    • The share price may trade at a discount to the Net Asset Value of the Company.
    • The single market in which the Company primarily invests, in this case the UK, may be subject to particular political and economic risks and, as a result, the Company may be more volatile than more broadly diversified companies.

    JPMorgan Fund ICVC - JPM UK Sustainable Equity Fund

    Investment objective

    The Fund aims to provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund's assets in the shares of UK Sustainable Companies in any economic sector, or companies that demonstrate improving sustainable characteristics. Sustainable Companies are those that the Investment Manager believes to have effective governance and superior management of environmental and social issues (sustainable characteristics).

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    Best-in-Class

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Concentration

    Hedging

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Liquidity

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund ICVC - JPM UK Equity Growth Fund

    Investment objective

    To provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund's assets in a growth style biased portfolio of UK companies.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Hedging

    Style bias

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund ICVC - JPM UK Equity Value Fund

    Investment objective

    To provide capital growth over the long-term (5-10 years) through investment in a value style biased portfolio of UK companies.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Hedging

    Style bias

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund ICVC - JPM UK Dynamic Fund

    Investment objective

    To maximise capital growth over the long-term (5-10 years) by investing at least 80% of the Fund's assets in UK equities.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Concentration

    Hedging

    Securities

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Liquidity

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan Fund II ICVC - JPM UK Smaller Companies Fund

    Investment objective

    To provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund's assets in small capitalisation UK companies.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    The table below explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions for a full description of each risk.

    Investment risks Risks from the Fund's techniques and securities

    Techniques

    Hedging

    Securities

    AIM Markets

    Equities

    Smaller companies

    Other associated risks Further risks the Fund is exposed to from its use of the techniques and securities above

    Liquidity

    Market

    Outcome to the Shareholder Potential impact of the risks above

    Loss Shareholders could lose some or all of their money.


    Volatility Shares of the Fund will fluctuate in value.


    Failure to meet the Fund's objective.

    JPMorgan UK Smaller Companies Investment Trust plc

    Investment objective

    Aims to provide capital growth from investing in UK smaller companies by outperformance of the Numis Smaller Companies plus AIM (excluding Investment Companies) Index. The Company will predominantly invest in quoted UK small companies from the Numis Smaller Companies plus AIM (excluding Investment Companies) Index and a rising share price over the longer term by taking carefully controlled risk. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions.

    Risk reward 6 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds and income could decline at the same time, or fluctuate in response to the performance of individual companies and general market conditions.
    • This Company may utilise gearing (borrowing) which will exaggerate market movements both up and down.
    • This Company invests in smaller companies which may increase its risk profile.
    • The share price may trade at a discount to the Net Asset Value of the Company.
    • The single market in which the Company primarily invests, in this case the UK, may be subject to particular political and economic risks and, as a result, the Company may be more volatile than more broadly diversified Company's.
    • Companies listed on AIM tend to be smaller and early stage companies and may carry greater risks than an investment in a Company with a full listing on the London Stock Exchange.

    JPMorgan Mid Cap Investment Trust plc

    Investment objective

    Aims to achieve capital growth from investing in medium sized UK listed companies, by outperformance of the FTSE Mid 250 Index. The Company will predominantly invest in quoted companies from the FTSE Mid 250 Index, although, where appropriate, it may invest in quoted UK companies outside of this index as well as companies quoted on the Alternative Investment Market. The Company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 25% geared in normal market conditions.

    Risk reward 5 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds and income could decline at the same time, or fluctuate in response to the performance of individual companies and general market conditions.
    • This Company may utilise gearing (borrowing) which will exaggerate market movements both up and down.
    • This Company may also invests in smaller companies which may increase its risk profile.
    • The share price may trade at a discount to the Net Asset Value of the Company.
    • The single market in which the Company primarily invests, in this case the UK, may be subject to particular political and economic risks and, as a result, the Company may be more volatile than more broadly diversified Companies.
    • Companies listed on AIM tend to be smaller and early stage companies and may carry greater risks than an investment in a company with a full listing on the London Stock Exchange.

    The Mercantile Investment Trust plc - Ordinary Shares

    Investment objective

    Aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company's gearing policy is to operate within a range of 10% net cash to 20% geared.

    Risk reward 5 out of 7

    The above rating is based on the historic volatility of the Net Asset Value of the Share Class over the last five years and may not be a reliable indication of the future risk profile of the Share Class.
    The risk and reward category shown above is not guaranteed to remain unchanged and may change over time. A Share Class with the lowest risk rating does not mean a risk-free investment.
    Why is this Share Class in this category? This Share Class is classified in category 6 because its Net Asset Value has shown high fluctuations historically.


    ESG Integrated

    This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.

    Key risks

    • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds and income could decline at the same time, or fluctuate in response to the performance of individual companies and general market conditions.
    • This Company may utilise gearing (borrowing) which will exaggerate market movements both up and down.
    • This Company may also invest in smaller companies which may increase its risk profile.
    • The share price may trade at a discount to the Net Asset Value of the Company.
    • The single market in which the Company primarily invests, in this case the UK, may be subject to particular political and economic risks and, as a result, the Company may be more volatile than more broadly diversified companies.
    • Companies listed on AIM tend to be smaller and early stage companies and may carry greater risks than an investment in a Company with a full listingon the London Stock Exchange.

    ✖

     

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