JPMorgan European Smaller Companies Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan European Smaller Companies Trust plc
(GB00BMTS0Z37)
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About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Board of Directors

  • Carolan Dobson

  • Ashok Gupta

  • Nicholas Smith

  • Stephen White

  • Marc van Gelder

In their words (as of )

The Company's share price and net asset value underperformed the benchmark in December. Detractors from performance included Norwegian fish farmers Bakkafrost and Salmar, and Swedish bus operator Nobina, due to profit taking in companies with more defensive business models. Top performers in the month included Swedish cosmetics retailer Oriflame, French consulting and computer services company Sopra Steria, and Italian logistics solutions provider Datalogic, as they all recovered following recent underperformance.

Political uncertainty remains elevated in 2017 due to the upcoming European elections in Holland, France and Germany. With global purchasing managers' indices improving and inflation expectations rising, the outlook for the global economy is very positive.

Documents

Research

This Investment Trust has been reviewed by a third party agency. Contents of the external links have been prepared by third parties and do not necessarily represent the views of J.P. Morgan Asset Management. These third parties may receive a fee by the Board of Directors of this Investment Trust. J.P. Morgan Asset Management does not endorse or attest to completeness and accuracy of these contents. Reliance upon these contents is at the sole discretion of the reader.

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For contact details and more information on our trust range use the following links:

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AGM information

Annual General Meeting: 11 July 2017 12 noon at 60 Victoria Embankment, London, EC4Y 0JP

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Disclaimer

The methodology and calculations used by the companies or organisations that provide the fund or fund manager awards and ratings are not verified by J.P. Morgan Asset Management and therefore we are unable to accept responsibility for their accuracy.  Ratings and awards should not be relied upon for making an investment decision.  Past performance is no guarantee of future results. The value of investments and the income from them may fall as well as rise and investors may not get back the full amount invested. Investment is subject to documentation (Prospectus, Key Investor Information Document (KIID) and Key Features and Terms and Conditions). Issued by JPMorgan Asset Management Marketing Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 288553. Registered address: 25 Bank St, Canary Wharf, London E14 5JP.
Source:Morningstar (www.morningstar.co.uk)
3 Actual gearing: Represents the excess amount above shareholders' funds of total assets less cash/cash equivalents, expressed as a percentage of shareholders funds. If the amount calculated is negative, this represents a net cash position.
7 Non-Benchmark holdings (where held) are classified in the appropriate sector/region. Cash is net current assets and holdings used as cash substitutes if applicable.