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Edison Releases Report on JPMorgan European Discovery Trust
Edison Investment Research has published a report on the JPMorgan European Discovery Trust (JEDT), detailing recent developments and performance adjustments. JEDT focuses on European small-cap companies, with a strategic exclusion of the UK market. Despite historical outperformance, European small caps faced challenges in 2022 and 2023, leading to an underperformance in large caps.
The trust underwent a strategic overhaul, with three new managers, Jon Ingram, Jack Featherby, and Jules Bloch, taking charge from March 2024. Since the management change, JEDT's performance has seen improvement, surpassing its peers. The team remains optimistic about future prospects, citing low valuations as an impetus for potential re-rating.
R. P.
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