Fact sheet: JP Morgan European IT Inc

Fund information
Fund name
JP Morgan European IT Income
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Stephen Macklow-Smithsince 02/08/2006
  • Michael Barakossince 01/03/2013
  • Alexander Fitzalan Howardsince 02/08/2006
Fund objective
To provide a growing income together with the potential for longterm capital growth from a diversified portfolio of investments in Continental European stockmarkets.
  • MSCI Europe ex UK
Investment style
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
IT Europe
Fund size
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.
Mid price
?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.
?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.
?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.
Top in this sector
Fund name1 Year
BlackRock Gtr Eur IT19%
Fidelity European Values PLC13.9%
JP Morgan European IT Gth12.9%
Henderson Euro Trust11.1%
Hndrsn Erpn Fcs Tst9.7%
...more in IT Europe

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials21.9%
    Consumer Discretionary9.1%
    Real Estate8.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector4 / 84 / 88 / 87 / 85 / 86 / 8
Calendar performance
 YTD - 20162015201420132012
Rank within sector7 / 85 / 82 / 84 / 87 / 8
Risk statistics
?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.
?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.
?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.
?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%.
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.
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.
?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.
Price movement
52 week high137.5
52 week low112.25
Current bid price132.5
Current offer price135.5
Current mid price132.75
No data available.
Industry sector
4Consumer Discretionary9.1%
5Real Estate8.5%
6Consumer Staples6.5%
8Health Care5.4%
9Telecommunications Utilities5.4%
Asset type
No data available.
Individual holdings
5BASF SE1.6%
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
To provide a growing income together with the potential for longterm capital growth from a diversified portfolio of investments in Continental European stockmarkets.
  • MSCI Europe ex UK
Investment style
Investment method
No data available.
Fund managers
Stephen Macklow-Smith02/08/2006Stephen 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.
Michael Barakos01/03/2013Michael Barakos joined JP Morgan Asset Management as an investment analyst in 1999, having earned a bachelor’s degree in economics from the London School of Economics. He was appointed European investment manager in 2000 and currently co-manages a variety of funds, applying a bottom-up investment style to the UK-domiciled JPM UK Equity and JPM UK Strategic Value funds and the Luxembourg-domiciled JPM Europe Strategic Value and JPM Europe Strategic Growth funds. Born in 1977, Barakos gained early experience of the financial world by working as a risk management accountant for the European Bank for Reconstruction and Development’s treasury department from 1995 to 1996. He followed this with internships at Sigma Securities in Athens and at Deutsche Asset Management before joining JP Morgan. Away from the office he is a keen tennis player and follows the fortunes of Liverpool football Club.
Alexander Fitzalan Howard02/08/2006Alexander 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.
AIC Member
No data available.
Fund for sale in
United Kingdom
JP Morgan European IT Income
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.12%
Bid price132.5
Offer price135.5
Mid price132.75
Price updated20/10/2016
Institutional or retail classRetail
Citi codeJ219
Data provided by

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