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JPMorgan European Discovery Trust (LSE: JEDT)

Last close As at 20/11/2024

GBP4.38

▲ −6.00 (−1.35%)

Market capitalisation

GBP519m

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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Investment Companies | audiovisual

JPMorgan European Discovery Trust in 60 seconds

Investment Companies | Update

JPMorgan European Discovery Trust — European small caps: On the verge of a rebound?

Investment Companies | Update

JPMorgan European Discovery Trust — A balanced trust targeting a world-beating market

Investment Companies | Update

JPMorgan European Discovery Trust — Becoming more stylistically balanced
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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Jack Featherby

    Fund manager

  • Jon Ingram

    Fund manager

  • Jules Bloch

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (6.8) (4.3) 10.1
Relative (3.5) (1.9) 1.8
52 week high/low 485.0p/394.5p

Overview

JPMorgan European Discovery Trust (JEDT) invests in European small-cap companies (excluding UK). European small caps have outperformed most other markets over the long term, although they underperformed large caps in 2022 and 2023, as the sector was confronted with a number of challenges. Against this unfavourable backdrop, JEDT underperformed as a result of asset allocation decisions. Following a strategic review, JEDT’s board appointed three new managers, Jon Ingram, Jack Featherby and Jules Bloch, who replaced Francesco Conte and Edward Greaves with effect from 1 March 2024. The trust’s relative performance has improved, and it is outpacing its peers. The new team is very excited by the outlook for the sector, and for JEDT. Several previous headwinds are now supporting European small caps, and history suggests that current low valuations are due for a substantial re-rating.

Research

Update

Investment Companies

JPMorgan European Discovery Trust — European small caps: On the verge of a rebound?

Update

Investment Companies

JPMorgan European Discovery Trust — A balanced trust targeting a world-beating market

Investment Companies

audiovisual

JPMorgan European Discovery Trust in 60 seconds

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