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.