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Annual Results

JPMorgan European Smaller Cos beats benchmark

27 May 2015 07:56

JPMorgan European Smaller Companies Trust's net asset value rose by 0.3% in the year to the end of March. This compares with a 0.1% increase in its benchmark, the Euromoney Smaller European Companies (ex UK) Index.

Chairman Carolan Dobson said: "European economic activity is improving and our Investment Managers report that company profit forecasts are increasing and that valuations of European smaller companies offer good value but we need to remain vigilant as to how the expected rise in US interest rates may affect valuations of global equity markets."

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Related Company: JESC

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