Company summary
JPMorgan European Discovery Trust invests mainly in smaller companies across Continental Europe. It seeks long-term capital growth from businesses that can grow faster than larger, more mature European companies.
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JEDT
JPMorgan European Discovery
Investment Trusts
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Active investment in European small and mid-sized equities across industrial, technology, consumer, financial, healthcare and other sectors, with selective gearing.
Key markets
Continental European smaller-company markets, excluding the UK, although many holdings sell products and services internationally.
Key drivers
European small-cap recovery, stock selection, corporate earnings, mergers and acquisitions, interest rates, economic activity and narrowing of the trust's discount to NAV.
Key risks
Higher volatility and lower liquidity in smaller companies, European economic weakness, stock-specific setbacks, gearing, currency movements and a persistent discount to net asset value.
Recent Developments
19 June 2026: annual results showed a 23.2% NAV total return for the year, ahead of the 17.5% benchmark return, while the share-price total return was 21.0%.
Dividend notes
Pays interim and final dividends. The 2026 final dividend was 13.0p per share, went ex-dividend on 2 July and was paid on 3 August. Together with the 3.0p interim dividend, the annual total was 16.0p.
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