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JPMorgan European Investment Trust plc (JETI) 2.04059p Income Shares

Sell:114.00p Buy:118.00p 0 Change: 0.50p (0.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:114.00p
Buy:118.00p
Change: 0.50p (0.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:114.00p
Buy:118.00p
Change: 0.50p (0.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The investment objective will be to provide a growing income together with the potential for long-term capital growth from a diversified portfolio of investments in Continental European companies; to invest in a diversified portfolio of investments in Continental European companies; to provide a growing income together with the potential for long-term capital growth; to manage liquidity and borrowings to increase returns to shareholders.
Sector Weight
Financial Services 24.70%
Industrials 14.53%
Healthcare 12.92%
Utilities 10.49%
Consumer Defensive 10.11%
Communication Services 7.56%
Consumer Cyclical 6.74%
Basic Materials 6.70%
Energy 4.28%
Real Estate 2.79%
Country Weight
Switzerland 18.90%
Germany 17.59%
France 16.10%
Italy 8.96%
Finland 7.63%
Spain 6.73%
Netherlands 6.60%
Norway 5.17%
Sweden 5.11%
Denmark 3.20%

Fee Structure

Management fee is charged at the rate of 0.75% p.a. of NA and is calculated and paid monthly in arrears. Contract terminable on notice period of 12 months.

Dividend Policy

The Board aims to provide a regular stream of dividend income on a quarterly basis, subject to the availability of distributable reserves. Dividend are paid quarterly in April, July, October and January.

ASSET SPLIT

Total number of holdings: 353.

Trust Manager

Stephen Macklow-Smith

Manager Bio

Stephen Macklow-Smith, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for Core portfolios, the European assets of UK pension funds and the JPMorgan European Investment Trust. An employee since 1997, Stephen was previously head of the European team at HSBC Asset Management. Prior to this, he was a fund manager of European pension fund assets at Henderson Administration. Stephen obtained an M.A. in Classics and Modern Languages from Oxford University.

Board Of Directors

Josephine DixonChairman, Stephen Russell, Stephen Goldman, Jutta af Rosenborg, Rita Dhut

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.