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


The next big thing starts small

The JPMorgan US Smaller Companies Investment Trust plc uses the stock-picking credentials of our US based investment team to invest in well-run companies with attractive and sustainable profits from the potentially faster growing smaller companies segment of the US stock market.


Monthly Factsheet   Other trust documents   How to buy this trust  

Why invest in the US?

Fiona Harris, Client Portfolio Manager, discusses the opportunities and challenges of investing in the US market.

Some of the themes discussed include:

  • What to consider when thinking about investing in the US
  • How the evolution of technology is opening investment opportunities
  • Myth busting investing in the US
Monthly Factsheet   Annual Report   Learn more about investing in the US  

About this trust



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Manager Commentary

Fund Managers

Board of Directors

  • Davina Walter

  • Christopher Galleymore

  • Julia Le Blan

  • David Ross

  • Dr Shefaly Yogendra

In their words (as of 28 Feb 2018)

The trust had a negative absolute return but performed in line with its benchmark during February. The main contribution to performance came from our stock selection in the consumer discretionary and technology sectors. Our exposure to Cinemark was the largest relative contributor within the consumer discretionary sector. Cinemark reported quarterly earnings with both revenue and profitability above expectations. We are attracted by the management's shareholder-friendly capital allocation track record, including a solid dividend and its disciplined approach to mergers and acquisitions.

On the other hand, our stock selection in the healthcare and consumer staples sectors hurt performance, with West Pharmaceutical emerging as the biggest detractor within the healthcare space. At the security level, our exposure to Spectrum Brands was the largest detractor within consumer staples after it reported quarterly earnings that missed estimates.


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Important information

This is a promotional page and as such the views contained herein are not to be taken as advice or recommendation to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research on this page has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are unless otherwise stated, J.P. Morgan Asset Management’s at the date of publishing. They are considered to be reliable at the time of publishing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you.

It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance is not a reliable indicator to current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met.

J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co and its affiliates worldwide. You should note that if you contact J.P. Morgan Asset Management by telephone those lines may be recorded and monitored for legal, security and training purposes. You should also take note that information and data from communications with you will be collected, stored and processed by J.P. Morgan Asset Management in accordance with the EMEA Privacy Policy which can be accessed through the following website

Investment is subject to documentation (Investor Disclosure Document, Key Features and Terms and Conditions), copies of which can be obtained free of charge from JPMorgan Asset Management Marketing Limited. 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.

*Morningstar Analyst rating and FE Crown rating as at 01 February 2018.

Source: Morningstar (

Morningstar Ratings™: © 2017 Morningstar. All rights reserved.

FE Crown Fund Ratings © 2017 FE. All rights reserved.

Moneyfacts award as at: 17 October 2017. ©2017 Moneyfacts Group plc. All Rights Reserved.

© 2017 All Rights Reserved.