JPMorgan European Smaller Companies Trust plc

ISIN:GB00BMTS0Z37 Bloomberg ticker:JESC LN

The JPMorgan European Smaller Companies Trust plc is one of the few investment trusts to focus on the European smaller companies market – allowing investors to share in the growth potential of an exciting asset class through a disciplined investment strategy managed by an experienced and longstanding team.

  • Share price -p
  • NAV* -p
  • Premium*-
For information on charges relating to this trust please check Trust factsheet.
Source: J.P. Morgan Asset Management. Share Price updates every
15 minutes, current update as - on - .
* All other figures shown are as at close of business on 26/08/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • The Company aims to provide capital growth from a diversified portfolio of smaller European companies (excluding the United Kingdom). As the emphasis is on capital growth rather than income, shareholders should expect the dividend to vary from year to year. The company has the ability to use borrowing to gear the portfolio within the range of 20% net cash to 20% geared in normal market conditions.

  • Fund facts

    • Total fund size: £588,827,357
    •  (as at 31/07/2016)
    • Benchmark: Euromoney Smaller European Companies ex UK Index (Net)
    • Investment style: Growth
    • Sector: Europe
  • Risk warnings

    The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.

    For further risks associated with this trust please refer to the 'Key risks' section below.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
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You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.

Fund Managers

  • Fund Manager - Francesco Conte
    Francesco Conte

    Francesco Conte is a senior portfolio manager for European smaller companies funds within the J.P. Morgan Asset Management European Equity Group. An employee since 1998, Francesco was previously the lead analyst in the Italian Equities Team at Schroder Securities. Prior to this, he worked at Ermgassen & Co., a specialist M&A boutique specialising in cross-border alliances. Francesco obtained a BSc in Economics & Development from the London School of Economics.

  • Fund Manager - Jim Campbell
    Jim Campbell

    Jim Campbell is a senior portfolio manager for European smaller companies funds and head of the European Smaller Companies team within the J.P. Morgan Asset Management European Equity Group. An employee since 1995, Jim previously worked as an investment manager at Ivory and Sime plc, focusing initially on UK smaller companies and later on European smaller companies. Jim obtained an M.A. (Joint Honours) in Economics and Law from the University of Edinburgh.

Important information

Key attributes
  • One of only a few trusts to focus on smaller European companies.
  • Aims to invest in both undervalued companies and growth companies to achieve strong returns throughout the cycle.
  • Managed by J.P. Morgan's highly-respected European Equity Group.
Essential information

Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retails investors directly or via independent financial advisers.

Charges

For information on charges relating to this trust please check the Trust factsheet.

Key risks
  • Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
  • This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
Awards

Overseas - IT Award Rated Logo

Annual and half year reports
Annual general meeting

Date: 30th June 2016
Time: 12 noon
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2016

Proxy Voting as at:

30 June 2016 - AGM

10 July 2015 - AGM

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