The Mercantile Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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The Mercantile Investment Trust plc
(GB0005794036)
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THE MERCANTILE INVESTMENT TRUST PLC

Discovering developing firms is our passion

The trust aims to provide capital and income growth through a portfolio of UK medium and small company stocks by targeting only the most attractive companies identified by our rigorous investment research process.
 

 

Monthly Factsheet   Other trust documents  
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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

  • Hamish Melville

  • Sandy Nairn

  • Ian Russell

  • Helen James

  • Jeremy Tigue

  • Harry Morley

  • Angus Gordon Lennox

In their words (as of )

The Company's share price and net asset value outperformed the benchmark in April. Performance was driven by stock selection across a wide range of companies. WS Atkins, the engineering consultant, was the most significant contributor following a takeover approach from SNC-Lavalin (a Canadian peer) at a 35% premium. There were no material detractors. At the sector level, financial services and general retailers were again strong contributors to performance. Real economic activity to date has remained supportive. Inflation, and its effect on the UK consumer, will continue to be a key area of focus. We continue to believe that UK mid and small cap companies offer good prospects for long-term capital growth and income.

Documents

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Find out more

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

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AGM information

Annual General Meeting: 24 May 2017, 12 noon, Trinity House, Tower Hill, London EC3N 4DH

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Disclaimer

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 (www.morningstar.co.uk)
3 Gearing represents the excess amount above shareholders' funds of total investments (excluding liquidity fund holdings) expressed as a percentage of the shareholders' funds. If the amount calculated is negative, this is known as 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.