JPMorgan European Discovery Trust plc (LON:JEDT) 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.
The trust is managed by Francesco Conte and Edward Greaves with assets of £909.8m. This fund considers financially material Environmental, Social and Governance (ESG) factors in investment analysis and investment decisions, with the goal of enhancing long-term, risk-adjusted financial returns.
| Holdings | ||
| Top 10 | Sector | % of assets |
| Alten | Technology | 3.7 |
| Helvetia | Financials | 3.2 |
| Ipsos | Consumer Discretionary | 2.9 |
| Nexans | Industrials | 2.9 |
| ASR Nederland | Financials | 2.8 |
| Sanlorenzo | Consumer Discretionary | 2.8 |
| SPIE | Industrials | 2.8 |
| Unipol Gruppo | Financials | 2.6 |
| Bravida | Industrials | 2.6 |
| Baloise | Financials | 2.3 |
You can read the or download full JPMorgan European Discovery Trust fact sheet here:
