The Mercantile Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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The Mercantile Investment Trust plc
(GB00BF4JDH58)

THE MERCANTILE INVESTMENT TRUST PLC

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The Mercantile Investment Trust plc focuses on identifying tomorrow’s market leaders, by targeting UK companies outside the FTSE 100 that have significant room for growth and are not recognised by other investors.
 

   Morningstar 4 star   

      *

 

Monthly Factsheet   Other trust documents   How to buy this trust  

Why invest in the UK?

Guy Anderson, Fund Manager of The Mercantile Investment Trust plc discusses the opportunities and challenges of investing in the UK small and mid-cap market.

Some of the themes discussed include:

  • Perception vs reality of investing in the UK
  • Evolution of the UK market post Brexit
  • UK Market trends
Monthly Factsheet   Annual Report   Learn more about investing in the UK  

About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

In their words (as of 30 Jun 2018)

The trust outperformed over June. Positive contributors to relative returns included stock selection in general retailers and beverages. Detractors included an underweight position in mobile telecommunications and an overweight position in general industrials. An overweight position in UK soft drink provider Fever-Tree was positive for relative returns. After returning more than 90% in 2017, the stock rose a further 50% over the first half of 2018, with continued strong growth in the UK and internationally from its growing range of premium mixers. Our holding in Bellway detracted from performance during the month. Concerns about slowing in the UK housing market, combined with the ongoing political uncertainty around Brexit, have clouded the outlook for UK housebuilders. In common with other UK housebuilders, Bellway has a strong balance sheet, attractive value and cash flow characteristics, and an attractive dividend yield.

Documents

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Important information

This is a marketing communication and as such the views contained herein are not to be taken as an 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 in this document 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 own at the date of this document. They are considered to be reliable at the time of writing, 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 and yield are not reliable indicators of 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. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy.

Investment is subject to documentation. The Investor Disclosure Document, and Key Features / Terms & Conditions can be obtained free of charge from JPMorgan Asset Management (UK) Limited, and the Key Information Document can be obtained from JPMorgan Funds Limited or www.jpmam.co.uk/investmenttrust. This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.

*Morningstar rating and FE Crown rating as at 01 September 2018.

FE Crown Fund Ratings © 2018 FE. All rights reserved.

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

Investment Week Investment Company of the Year awards as at: 22 November 2017. © Incisive Business Media (IP) Limited 2018. All rights reserved.

Money Observer Ratings: Moneywise Publishing Ltd ©2018. All rights reserved.

Moneywise Investment Trust awards as at: 28 March 2018. Moneywise Publishing Ltd ©2018. All Rights Reserved.

*Source: Association of Investment Companies, April 2018