Overview
JPMorgan Smaller Companies’ objective is to achieve capital growth from UK listed smaller companies by consistent out-performance of the FTSE Small Cap Index (excluding investment trusts) and a rising share price over the longer term by taking carefully controlled risks.
In order to achieve this objective, JPMorgan Smaller Companies invests in a diversified portfolio of small companies, emphasising capital rather than income growth, with the likely result that the level of dividend will fluctuate. The number of investments in the portfolio will normally range between 70 and 150. The maximum exposure to an investment will normally range between +/–3% relative to the benchmark index. The maximum exposure to a sector will normally range between +/–10% relative to the benchmark index.
you can access the company’s website here
Fundamentals
Price
Research History
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25 Feb 2021 3 min read
QuotedData’s Round the World Webinar series – UK day playback
On 24th February 2021, QuotedData hosted the final Round the World webinar from our series. This webinar was focused on the UK and included presentations and Q&As from 4 investment companies’ managers, covering markets across the UK. We would like to thank all of our speakers and attendees for joining us. Click on the links below […]
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12 Nov 2020 6 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 Apr 2020 7 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 7 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
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06 Dec 2019 8 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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11 Sep 2018 1 min read
BlackRock Throgmorton Trust – Vision, execution and adaptability
BlackRock Throgmorton Trust – Vision, execution and adaptability Dan Whitestone, manager of BlackRock Throgmorton Trust (THRG), has a dual-pronged approach to selecting investments that involves identifying what he describes as “high- quality differentiated companies” and companies driving industry change. Dan looks for management teams with vision, the ability to execute according to that vision and […]
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1 min read
BlackRock Throgmorton Trust – Vision, execution and adaptability
BlackRock Throgmorton Trust – Vision, execution and adaptability Dan Whitestone, manager of BlackRock Throgmorton Trust (THRG), has a dual-pronged approach to selecting investments that involves identifying what he describes as “high- quality differentiated companies” and companies driving industry change. Dan looks for management teams with vision, the ability to execute according to that vision and […]
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13 Mar 2018 2 min read
QuotedData’s investment companies roundup – March 2018
QuotedData investment companies roundup – March 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2018. Kindly sponsored by Baillie Gifford. Equity markets continued to run up in early February, supported by strong corporate earnings […]
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2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 2 min read
QuotedData’s economic round up – November 2017
QuotedData’s economic round up – November 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
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1 min read
QuotedData’s round up of views on the global economy – November 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. november-economic-and-political-roundup
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04 Nov 2015 1 min read
QuotedData’s valuation sheet on warrants, subscription shares and zeros – November 2015
We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 4 November 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out of date for […]
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02 Oct 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – October 2015
October Warrants and subscription shares We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the afternoon of 2 October 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
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02 Sep 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – September 2015
September warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 2 September 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
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03 Aug 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – August 2015
August warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 3 August 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
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01 Jun 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – June 2015
June warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 1 June 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
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01 May 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – May 2015
May warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 1 May 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be […]
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02 Apr 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – April 2015
April warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 2 April 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
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02 Mar 2015 1 min read
QuotedData’s valuation sheet on Warrants, Subscription Shares and Zeros – March 2015
March warrants, subscription shares and zeros We have updated our warrant and subscription shares and ZDP sheet for you with numbers from the morning of 2 March 2015 – you can access it by clicking the link above. Bear in mind that the net asset value numbers that go into calculating the final asset cover may be out […]
News
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15 Oct 2020 2 min read
JPMorgan Smaller extends outperformance
JPMorgan Smaller extends outperformance – JPMorgan Smaller Companies has published results for the year ended 31st July 2020. The NAV return for the period was 3.8%, well ahead of a return of -8.7% for the benchmark, the Numis Smaller Companies plus AIM Index (excluding Investment Companies). The return to shareholders was +3.7%, reflecting a steady discount level over […]
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25 Mar 2020 2 min read
Focus shifts to covid-19 impact following excellent interim results from JPMorgan Smaller Companies
JPMorgan Smaller Companies (JMI) invests in the UK smaller companies sector. The company has this evening released interim results to 31 January 2020. Mirroring many of its peers, the company’s shares have been hit hard as capital has moved away from a sector that had erstwhile been the main beneficiary from the political developments that […]
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18 Oct 2019 2 min read
Roller-coaster year for JPMorgan Smaller Companies
Roller-coaster year for JPMorgan Smaller Companies – Over the year to the end of July, JPMorgan Smaller Companies underperformed its benchmark – returning -5.2% against a -4.4% return on the Numis Smaller Companies plus AIM Index (excluding investment companies). A narrowing of the discount helped deliver a return to shareholders of -3.4%. The chairman describes […]
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29 Jul 2019 1 min read
JPMorgan Smaller Companies announces fee cut
JPMorgan Smaller Companies announces fee cut – The board of JPMorgan Smaller Companies Investment Trust has announced that, following a review, the company’s investment management fee arrangements with JPMorgan Funds Limited (‘JPMF’) will change. With effect from 1st August 2019, the annual investment management fee, currently 80bps (basis points, equivalent to 0.8%) a year on gross […]
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16 Oct 2018 4 min read
JPMorgan Smaller Companies’ second consecutive year of outperformance
JPMorgan Smaller Companies’ second consecutive year of outperformance – Shareholders of JPMorgan Smaller Companies (JMI) enjoyed very strong returns in the financial year to 31st July 2018 The company delivered outperformance against the benchmark, combined with a tightening of the discount to net asset value. Michael Quicke OBE, the chairman noted in his statement that this is the […]
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18 Oct 2017 2 min read
JPMorgan Smaller Companies’ board calls for more conviction from manager
JPMorgan Smaller Companies’ board calls for more conviction from manager – JPMorgan Smaller Companies says that, for the year ended 31 July 2017, the total return on its net assets was +31.0%, compared with +23.4% recorded by the benchmark index. However, the return to shareholders was +28.7%, reflecting a widening of the share price discount […]
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18 Oct 2016 4 min read
JPMorgan Small Cap wants to invest more in AIM stocks
JPMorgan Smaller Companies has published its results for the year ended 31 July 2016. The total return on net assets before dilution was -7.7% (-6.4% after dilution), which compares with +2.1% for the benchmark index. The return to shareholders was -10.1% reflecting a widening of the share price discount to diluted net asset value from 17.0% […]
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24 Mar 2016 1 min read
JPMorgan Smaller Companies invests in resurgent UK consumer
JPMorgan Smaller Companies’ interim results covering the six months ended 31 January 2016 show a total return on net assets before dilution was -3.6% (-2.9% after dilution), which compares with -5.9% for the benchmark index. The return to ordinary shareholders was +0.6%. The manager says the outperformance of the fund over the period was due mainly […]
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16 Oct 2015 1 min read
JPMorgan Smaller Companies’ results ahead of benchmark
JPMorgan Smaller Companies has announced results for the year ended 31 July 2015. Over that period the total return on net assets was 13.4%, which compares with 10.5% for the benchmark index (the FTSE Small Cap Index excluding investment trusts). The return to Ordinary shareholders was 14.6% reflecting a slight narrowing of the share price discount […]
