The Mercantile Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
The Mercantile Investment Trust plc

About this trust



Performance widget loading ...


Fees widget loading ...


Portfolio widget loading ...

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 January. Not holding Inmarsat, the global satellite company, was the largest positive contributor to relative performance. There were no material detractors at a stock level. At a sector level, our underweight position in aerospace & defence was the most significant contributor. This was primarily driven by not holding Cobham, which released end-of-year results below expectations, and Meggitt.

While the decision to leave the European Union has introduced a considerable amount of uncertainty for the UK economy, real economic activity to date has remained supportive. We continue to believe that UK mid and small cap companies offer good prospects for long-term capital growth and income.


Learn More

Find out more

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


AGM information

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



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.