JPMorgan European Discovery Trust (JEDT) - Init...

Edison Investment Research Limited Edison Investment Research Limited: JPMorgan European Discovery Trust (JEDT) - Initiation: A core option within a niche market 15-March-2022 / 07:00 GMT/BST London, UK, 15 March 2022 JPMorgan European Discovery Trust (JEDT) - Initiation: A core option within a niche market JPMorgan European Discovery Trust (JEDT) aims to generate long-term capital growth from a portfolio of high-quality, reasonably valued, smaller European equities. The scale of opportunities in a relatively inefficient market gives active managers an excellent opportunity set for outperforming and delivering good long-term investor returns, and JEDT has a strong long-term investment track record but has been a little more challenged of late. The trust currently offers a 1.7% dividend yield. Currently JEDT is trading on a discount to cum income fair net asset value (NAV) of 15.7%, which is outside the five-year average of 12.3%. These headline figures mask some quite extreme moves, with the shares trading at a discount to cum income fair NAV of 25.5% in March 2020 and 8.9% in November 2021. Arguably, as the largest, most high-profile option for investors in the sector, with an established manager and good long-term performance, the trust deserves to be trading closer to NAV.   Click here to view the full report or here to sign up to receive research as it is published. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information, please contact Edison: David Holder [phone] [e-mail] Sarah Godfrey [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn  https://www.linkedin.com/company/edison-group-/ Twitter   www.twitter.com/Edison_Inv_Res YouTube  www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1301493 15-March-2022