European growth investment trust JEDT outperforms benchmark in October

JPMorgan European Discovery Trust plc (LON:JEDT) has announced its October commentary.

Monthly

As of 2023/10/31

  • The trust outperformed its benchmark in October.
  • Positive contributors to relative returns included stock selection in industrial engineering and medical equipment & services.
  • Detractors included stock selection in automobiles & parts and construction & materials.
  • At the stock level, an overweight position in Stabilus, a German manufacturer of industrial gas springs, outperformed after announcing a large acquisition in its industrial business.
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