JPMorgan Smaller Companies Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
JPMorgan Smaller Companies Investment Trust plc

About this trust



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Manager Commentary

Fund Managers

Board of Directors

  • Ivo Coulson

  • Michael Quicke

  • Andrew Robson

  • Frances Davies

  • Andrew Impey

  • Alice Ryder

In their words (as of )

The Company's net asset value outperformed the benchmark in January, while the share price underperformed. Key positive contributions came from Fever-Tree, the beverage manufacturer of premium mixers, which reported results ahead of market expectations in the month. Victoria Plc, a leading UK carpet manufacturer, also contributed positively as shares rallied in anticipation of further market consolidation. Our relatively new position in Fenner also benefited the portfolio as the company reported a strong set of results and a guidance upgrade. The key detractor was McBride, which delivered results in line with expectations, but gave back some of its recent share price gains. Not owning Chemring, which reported a good set of results, also detracted from performance in the month.


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AGM information

Annual General Meeting: 28 November 2016 3.00 p.m., 60 Victoria Embankment, London EC4 OJP.



Benchmark Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
Source:Morningstar (
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.