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17. Bull, Bear & Beyond – JPMorgan European Discovery Trust in 60 seconds image

17. Bull, Bear & Beyond – JPMorgan European Discovery Trust in 60 seconds

S1 E17 · Bull, Bear & Beyond by Edison Group
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6 Plays1 year ago

Edison recently published a note on JPMorgan European Discovery Trust.

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About ‘Bull, Bear & Beyond’

Bull, Bear & Beyond': features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

Original interview published on 31/10/2024 and reposted as a podcast

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Transcript

Introduction to JPMorgan European Discovery Trust

00:00:00
Speaker
Edison recently published a note on JPMorgan European Discovery Trust. This trust invests in European small cap companies, excluding the UK.

Performance History and Challenges

00:00:09
Speaker
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 by a number of challenges. Against this unfavourable backdrop, JPMorgan European Discovery Trust underperformed due to asset allocation decisions.

Management Changes and Strategic Review

00:00:29
Speaker
Following a strategic review, the Trust's Board appointed three new managers with effect from the 1st of March 2024.

Improved Performance and Future Outlook

00:00:37
Speaker
Since then, the Trust's relative performance has improved and it is outpacing its peers.
00:00:43
Speaker
The new team is very excited by the outlook for the sector and the Trust. Several previous headwinds are now supporting European small caps and history suggests that current low valuations are due for a substantial re-rating.