- JPMorgan European Discovery Trust plc (LON:JEDT) offers investors diversified access to this world-beating market and potential investors may like its recent, more balanced investment approach, and fresh focus on micro-cap companies, which is intended to fully utilise the new managers’ stock selection skills.
- The European small-cap sector’s long-term track record of outperformance versus most other major markets should prove a major drawcard for investors, especially as valuations are low in absolute and relative terms, and a look at previous investment cycles suggests a rebound is due soon.
- JPMorgan Asset Management’s very significant fundamental research resources, combined with the use of state-of-the-art, AI-driven quantitative tools, arguably provide JEDT with a competitive edge over its peers.
- JEDT’s shares are currently trading at a discount to NAV of around 9%, and there is scope for this discount to narrow if performance remains good and/or investor sentiment towards the sector continues to improve.
European stocks rally as retail and utilities lead the charge
28th January 2025
European shares hit record highs on Tuesday, with strong gains in retail and utilities sectors leading the surge. Tech stocks rebounded after Monday’s selloff.