JPMorgan European Discovery Trust (LSE: JEDT)

Last close As at 15/04/2024

GBP4.64

2.00 (0.43%)

Market capitalisation

GBP682m

JPMorgan European Discovery Trust (JEDT) aims to provide capital growth from a diversified portfolio of smaller European companies (excluding the UK).

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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Edward Greaves

    Fund manager

  • Francesco Conte

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.5 11.9 8.8
Relative (0.2) 7.1 7.3
52 week high/low 470.0p/354.5p

Overview

JPMorgan European Discovery Trust (JEDT) invests in European small-cap companies (excluding UK), with the aim of providing shareholders with long term capital growth. The investment case for this sector is clear and simple. European small caps have outperformed most other markets over the long term. JEDT’s disappointing performance during H122 prompted its managers to rotate out of high-growth IT software and medtech stocks, in favour of a more balanced approach focused on quality and value names. Many of these acquisitions are now contributing to returns.

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