Page 13 - DIY INVESTOR MAGAZINE - NOVEMBER 2018
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  OPTIONS FURTHER AFIELD
This trust seeks capital growth by investing in American businesses that have a sustainable competitive advantage. It also aims to focus on owning equity stakes in firms that trade at a discount to their intrinsic value. How did that work out in practice? JPMorgan US Smaller Companies Investment Trust plc delivered a share price total return of 27% over the last 12 months. More importantly for medium to long-term investors, this trust also delivered share price total returns of 134% over the last five years. Fund manager, Don San Jose, has been at the helm of this trust since 2008 and his co- managers Dan Percella and John Brachle joined in 2014 and 2017 respectively.
This trust aims to provide capital growth from smaller Continental companies. Its share price total return over the last 12 months has been more modest, at 4%, but its five-year return is 112%. Fund manager Francesco Conte has run this trust since 1998 and co-manager Edward Greaves joined him in 2016.
OPTIONS CLOSER TO HOME
This trust seeks capital growth from medium-sized companies listed in the United Kingdom. This trust delivered total share price returns of 8% over the last 12 months and 99% over the last five years. Fund manager Georgina Brittain has led the way since 2012 and co- manager Katen Patel joined her in 2014.
This trust seeks capital growth through a diversified portfolio of UK medium-sized and smaller companies.
This trust delivered share price returns of 8% over the last 12 months, and 76% over five years. Martin Hudson has been at the helm since 1994 and was joined by co-managers Anthony Lynch in 2009 and Guy Anderson in 2012.
All the above performance statistics assume dividends were reinvested. Past performance is not a guide to the future and nobody is able to go back in time to invest
at prices that prevailed five or 10 years ago. However, the sooner you start investing the sooner you will get time and compound interest on your side. It’s not rocket science, is it?
   JPMORGAN US SMALLER COMPANIES INVESTMENT TRUST PLC
JPMORGAN MID CAP INVESTMENT TRUST PLC
  THE MERCANTILE INVESTMENT TRUST PLC
 JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC
 13 DIY Investor Magazine | Dec 2018





















































































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