The Trust aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company can hold up to 10% cash or utilise gearing of up to 20% of net assets where appropriate.
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.
Cumulative performance of an original investment of £100.
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.
Guy Anderson is a portfolio manager within the J.P. Morgan Asset Management European Equity Group and co-manages The Mercantile Investment Trust. An employee since 2012, Guy was previously a senior analyst at Breeden European Capital Management and before that an investment analyst at Pendragon Capital. Prior to this, Guy worked as a project manager in the Corporate and Investment Banking division at Oliver Wyman. He obtained an M.Eng (Hons) in Engineering from Oxford University, and is a CFA charterholder
Martin Hudson is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for The Mercantile Investment Trust and specialising in smaller and mid-sized UK equities. An employee since 1982, he was previously an investment manager in the UK Portfolios Group, managing both the UK equity portfolio of the Fleming Fledgeling Investment Trust (now the JPMorgan US Smaller Companies Investment Trust) and segregated pension fund portfolios. Before this he was manager of the UK Investment Research Department and previously was a building and property analyst. Prior to joining the firm, he worked on manufacturing and acquisitions for Blue Circle Industries. Martin obtained an M.A. in Natural Sciences from the University of Cambridge.
Anthony Lynch is a portfolio manager within the J.P. Morgan Asset Management European Equity Group and co-manages The Mercantile Investment Trust, specialising in smaller and mid-sized UK equities. Anthony joined in 2009, initially as an analyst, and now co-manages the Investment Trust. Prior to this he obtained a B.A. (Hons) in Economics from Durham University. He is a CFA charterholder.
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 retail investors directly or via Independent Financial Advisers.
For information on charges relating to this trust please check the Trust factsheet.
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