JPMorgan European Smaller Companies Trust Plc

Name
JPMorgan European Smaller Companies Trust Plc
Manager
JP Morgan Asset Management (UK) Ltd
Type
Closed Ended Investment Company
ISIN
GB00BMTS0Z37
Sector
European Smaller Companies
Launched
18/04/1990
OCF
1.31 %
Risk Rating
5
3 Year Sharpe
0.01
3 Year Alpha
-2.30
Yield
1.7 %
Benchmark
Euromoney Smaller Eur ex UK
Fund Size
£ 527.82 million
NAV
404
Gearing
108
Discount Premium
-18
The Company invests in a diversified portfolio of smaller companies in Europe, excluding the United Kingdom. The Company manages liquidity and borrowings with the aim of increasing potential sterling returns to shareholders. The Company borrows in euros in order to hedge the currency risk in respect of the geared portion of the portfolio. The Company does not normally hedge the foreign currency exposure of the remainder of the portfolio. The Board has set no minimum or maximum limits on the number of investments in the portfolio. To gain the appropriate exposure, the Investment Managers are permitted to invest in pooled funds.
Holding %
Scotiabank Ireland Flt Ltln 17jan20 21.38 %
JPM EUR lqdty LVNAV X (flex dist.) 8.90 %
SIG Combibloc Group AG Ordinary Shares 3.87 %
Logitech International SA 3.42 %
AAK AB 3.13 %
Falck Renewables SpA 2.87 %
Warehouses De Pauw 2.74 %
Siegfried Holding AG 2.70 %
Encavis AG 2.51 %
ERG SPA 2.48 %
Region %
Eurozone 59.59 %
Europe - ex Euro 37.12 %
Sector %
Industrials 21.37 %
Technology 18.52 %
Healthcare 15.78 %
Utilities 12.83 %
Consumer Cyclical 7.98 %
Consumer Defensive 6.50 %
Financial Services 6.37 %
Name
JP Morgan Asset Management (UK) Ltd
Address
EC4Y 0JP, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Edward Greaves
Joined 03/21/2017
Francesco Conte
Joined 11/01/1998

Francesco Conte, managing director, is a senior portfolio manager for European smaller companies funds within the JPMorgan 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.

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