JPMorgan European Growth & Income

JPMorgan European Growth & Income
Company typePublic company
ISINGB00BPR9Y246
IndustryInvestment trust
Founded1929 (1929)
Headquarters25 Bank Street, Canary Wharf,
London
,
England
Key people
Rita Dhut (Chairman)

JPMorgan European Growth and Income (LSE: JEGI) is a large British investment trust. Established in 1929, it is dedicated to investing in European companies.[1] The chairman is Rita Dhut.[2] It is listed on the London Stock Exchange and FTSE Russell announced on 19 March 2025 that it would become a constituent of the FTSE 250 Index on 24 March 2025.[3]

History

The company was established as the London and Holyrood Trust in 1929.[4] Following the appointment of Robert Fleming & Co. as manager, it became the Fleming Universal Investment Trust in 1982 and went on to become the Fleming Continental European Investment Trust in 1992. After Robert Fleming & Co. was acquired by Chase Manhattan in April 2000,[5] and Chase Manhattan merged with J.P. Morgan & Co. in December 2000,[6] it was brought under the management of J.P. Morgan & Co. In anticipation of JPMorgan's decision to drop the Fleming brand,[7][8] it became the JPMorgan Continental European Investment Trust 2003. It changed its name to the JPMorgan European Investment Trust in 2006, before adopting its current name in 2022.[9]

References

  1. ^ "JPMorgan European Growth and Income". Trust.net. Retrieved 21 March 2025.
  2. ^ "Rita Dhut". UK Research and Innovation. Retrieved 21 March 2025.
  3. ^ "Hargreaves Lansdown (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". 19 March 2025. Retrieved 21 March 2025.
  4. ^ "London & Holyrood Trust Ltd". Hamburgisches Welt-Wirtschafts-Archiv. Retrieved 21 March 2025.
  5. ^ "Chase buys Fleming for £4.8bn". BBC News. 11 April 2000. Retrieved 30 September 2025.
  6. ^ "Banking's Big Deal: The Overview; Chase Is Reported On Verge of Deal to Obtain Morgan". New York Times. 13 September 2000. Archived from the original on 7 June 2008.
  7. ^ "JP Morgan to ditch Fleming name". City Wire. 26 April 2005. Retrieved 21 March 2025.
  8. ^ "JP Morgan axes Fleming brand across Europe". Money Marketing. 5 May 2005. Retrieved 21 March 2025.
  9. ^ "JPMorgan European Growth and Income". Companies House. Retrieved 21 March 2025.
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