Fact sheet: JP Morgan European IT Gth

Fund information
Fund name
JP Morgan European IT Growth
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Stephen Macklow-Smithsince 01/01/1997
  • Alexander Fitzalan Howardsince 01/02/2006
Fund objective
Capital growth from Continental European investments and a rising share price over the longer term, by consistent outperformance of the benchmark and taking carefully controlled risks through an investment method that is clearly communicated to shareholders.
Benchmark
  • MSCI Europe ex UK
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
4.9%
1 Year rank in sector
2/8
Sector
IT Europe
Yield
2.4%
Fund size
£189m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
116
Mid price
243.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
271.61
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.94
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
117
Top in this sector
Fund name1 Year
BlackRock Gtr Eur IT9.5%
JP Morgan European IT Gth4.9%
Fidelity European Values PLC4.5%
The European Inv Tr3.7%
Henderson Euro Trust3.4%
...more in IT Europe

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.8%-0.4%4.9%4.9%21.9%96.4%
Sector-5%-3%2.9%0.4%18.6%94.3%
Rank within sector7 / 85 / 84 / 82 / 86 / 85 / 8
Quartile4th3rd2nd1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1.3%15.3%5.5%31.9%24.8%
Sector-2.4%12.1%5.8%32.7%28.6%
Rank within sector6 / 84 / 85 / 85 / 85 / 8
Quartile3rd2nd3rd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.53
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.12
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.63
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.4
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.04
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.74
Price movement
52 week high265
52 week low209.75
Current bid price243
Current offer price244
Current mid price243.5
Region
No data available.
Industry sector
1Industrials18.1%
2Financials17.9%
3Health Care12.4%
4Consumer Staples12%
5Others9%
6Materials8.8%
7Consumer Discretionary8.6%
8Energy4.8%
9Information Technology4.5%
Asset type
No data available.
Individual holdings
1NESTLE SA4.9%
2JPM JP MORGAN EUROPEAN SMALLER COMPANIES TRUST PLC ORD 5P3.6%
3ROCHE HLDG AG3.6%
4SANOFI2.9%
5NOVARTIS AG2.6%
6BNP PARIBAS (SUISSE) SA2.5%
7ING GROEP N.V.2.2%
8SIEMENS AG2.2%
9VINCI SA2.1%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Capital growth from Continental European investments and a rising share price over the longer term, by consistent outperformance of the benchmark and taking carefully controlled risks through an investment method that is clearly communicated to shareholders.
Benchmark
  • MSCI Europe ex UK
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Stephen Macklow-Smith01/01/1997Stephen Macklow-Smith, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for segregated 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.
Alexander Fitzalan Howard01/02/2006Alexander Fitzalan Howard, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group managing both institutional and retail products. An employee since 1986, Alexander was previously an investment manager with the J.P. Morgan Asset Management North American Portfolios Group, most recently running the desk. Before this, Alexander was involved in the development of the Czechoslovakia Investment Corporation Inc., and responsible for the establishment of the first Czech domestic mutual funds managed by Investicni Banka and administered by Save & Prosper. Prior to this, he assisted in the fund management of the Save & Prosper financial sector unit trusts and was responsible for analytical coverage of the financial and media sectors. Alexander obtained a B.A. (Hons) in Modern History from Oxford University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan European IT Growth
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price281.72
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJGO
Data provided by

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