Overview
JPMorgan Mid Cap : JMF aims to achieve capital growth from investment in medium-sized UK companies. The Company specialises in investment in FTSE 250 companies, using long and short term borrowings to increase returns to shareholders. The company will predominantly invest in quoted companies from the FTSE Mid 250 Index, although, where appropriate, it may invest in quoted UK companies outside of this index as well as companies quoted on the Alternative Investment Market which is the London Stock Exchange market for smaller, growing companies. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 25% geared in normal market conditions.
You can access the company’s website here
Research History
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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06 Oct 2022 111 min read
QuotedData’s Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to […]
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17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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07 Apr 2020 8 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
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10 Mar 2020 6 min read
QuotedData’s Economic Roundup – March 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
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13 Nov 2018 1 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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13 Mar 2018 1 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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12 Oct 2017 1 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
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17 Nov 2023 1 min read
QuotedData’s weekly news update 17th November 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top story: • JPMorgan Mid cap/JPMorgan Smaller Companies This week’s interview was with Joe Bauernfreund from AVI Global Trust. – watch it again here.
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14 Nov 2023 5 min read
JPMorgan UK Smaller Companies Investment Trust to combine with JPMorgan Mid Cap Investment Trust
JPMorgan UK Smaller Companies Investment Trust (JMI) has announced that it has signed terms with the JPMorgan Mid Cap Investment Trust (JMF) in respect of a proposed combination. This would see the issuance of new ordinary shares of JMI and the transfer of part of JMF’s assets. Following its completion, the enlarged JMI shall continue […]
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19 Sep 2023 2 min read
Strong rebound for JPMorgan Mid Cap
JPMorgan Mid Cap Investment Trust (JMF) announced its half year results to June 30 2023. The NAV total return for the period was +7.5%, ahead of the benchmark FTSE 250 Index (excluding investment trusts) return of +3.0%. The company’s share price discount to NAV widened marginally over the year resulting in a share price total […]
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13 Dec 2022 1 min read
QuotedData’s morning briefing 13 December 2022
In QuotedData’s morning briefing 13 December 2022: HgCapital Trust (HGT) is selling its stake in Transporeon, a leading cloud-based logistics and transportation management software platform, to Trimble as part of a transaction that values the whole of that business at an enterprise value of €1.88bn. The trust’s share of the proceeds is about £107.8m. The […]
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21 Sep 2022 3 min read
Very disappointing year for JPMorgan Mid Cap
JPMorgan Mid Cap Investment Trust has published results for the year ended 30th June 2022. The chairman points out that it was a year of two halves. For the six months (to 31st December 2021), when the story was about the recovery from COVID, the NAV total return was +5.5%, just about matching the return […]
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17 Sep 2021 2 min read
A bumper year of outperformance for JPMorgan Mid Cap
JPMorgan Mid Cap has announced its annual results for the year ended 30 June 2021, which show that it had a bumper year of outperformance that was derived from a number of sources. During the year, JMF says that its benchmark, the FTSE250, provided a total return of 36.7%, while JMF’s NAV total return for […]
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09 Jul 2021 3 min read
QD view – is football coming home? Plus QuotedData’s Euro 2020 quiz
The last few weeks have given English football fans – and probably non-football fans alike – a much-needed boost of energy and excitement after 18 months of on-and-off staying at home. After Wednesday’s Euro 2020 semi-final against Denmark, which saw England win 2-1 and make history by reaching its first major men’s final since 1966, […]
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17 Sep 2020 2 min read
JPMorgan Mid Cap has recovered its underperformance
JPMorgan Mid Cap has recovered its underperformance relative to its benchmark since 30 June – JPMorgan Mid Cap has published results covering the year ended 30 June 2020. The NAV total return was -14.0% and the share price total return was -15.0%. For the same period the return from the benchmark, the 250 (excluding investment trusts) […]
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28 Sep 2018 3 min read
JPMorgan Mid Cap performs well in choppy waters
JPMorgan Mid Cap performs well in choppy waters – JPMorgan Mid Cap Invest Trust (JMF ) has released its full report for the year ended 30th June 2018. Performance in choppy waters The company’s NAV rose by 16.4% on a total return basis, compared with the benchmark the FTSE 250 Index excluding Investment Trusts, which delivered a total return […]
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25 Sep 2017 1 min read
JPMorgan Mid Cap unloved despite beating benchmark
JPMorgan Mid Cap unloved despite beating benchmark – JPMorgan Mid Cap reported a total return on net assets of 30.4%, compared with the benchmark total return of 21.5% for the year ended 30 June 2017. However, the total return to shareholders was 23.4%, reflecting a widening by 5.1 percentage points of the discount which the chairman […]
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23 Sep 2016 1 min read
JPMorgan Mid Cap underperforms despite eliminating its gearing
JPMorgan Mid Cap has published results for the year ended 30 June 2016. The end of the period was marked by the referendum. The Mid Cap index fell just over 15% in a period of just five business days, resulting in a benchmark return for the year to 30th June 2016 of -5.7%. The investment managers tried […]
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26 Feb 2016 1 min read
Another bumper period for JPMorgan Mid Cap
JPMorgan Mid Cap says, over the six months to 31st December 2015, the Company’s total return on net assets was 9.0%, 8.4 percentage points ahead of the Company’s performance benchmark, the FTSE 250 Index (excluding investment trusts) which returned 0.6% on a total return basis. The return to shareholders was 25.5% as the discount was elminated. […]
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24 Sep 2015 1 min read
JPMorgan Mid Cap outperforms on strong stock selection
JPMorgan Mid Cap, managed by Georgina Brittain and Katen Patel, has reported a total return on net assets for the year to 30th June 2015 of 24.7%, 9.7% ahead of the Company’s benchmark index, the FTSE 250 Index (excluding investment trusts), which returned 15.0%. The discount at which the ordinary shares trade to their net asset value per […]
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20 Feb 2015 1 min read
Stock selection helps JPMorgan Mid Cap to a great H2 for 2014
JPMorgan Mid Cap has announced interim results for the six months ended 31 December 2014 that show the fund delivering a total return on net assets of 9.6% – well ahead of the FTSE Mid 250 Index which returned 3.2%. The return to shareholders was 9.2%. the interim dividend has been increased by 45%, from […]
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25 Sep 2014 1 min read
William Meadon steps down as co-manager of JPMorgan Mid Cap
JMF : William Meadon steps down as co-manager of JPMorgan Mid Cap JPMorgan Mid Cap results for the year ended 30 June 2014 have been published today. These show the total return on net assets was 18.3%, ahead of the 17.8% return on the FTSE 250 Index. The discount tightened up resulting in a return […]
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20 Feb 2014 1 min read
JP Morgan Mid Cap : JMF – interim results
Shareholders in JP Morgan Mid Cap were rewarded with a 30.5% total return over the second half of 2013 at the fund outperformed its benchmark index (the FTSDE Mid 250), delivering a 19.0% return vs. 18.3% for the index, and its discount narrowed significantly
Upcoming Events
In The Press
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04 Jan 2024 1 min read
How do last year’s investment trust mergers stack up?
by Dave Baxter, Investors’ Chronicle, January 3, 2024: Even the last working day before Christmas was far from short of investment trust news. The board of Octopus Renewables Infrastructure (ORIT) announced an intention to merge with its peer Aquila European Renewables (AERI) on the morning of 22 December… The plan has received a lukewarm response […]
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21 Sep 2022 1 min read
Should you go defensive or back a bounce for beaten-up consumer stocks? Experts’ share picks to shuffle your portfolio and survive a harsh winter
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 10 September 2022: There was a real ‘back to school and back to business’ feel in the air last week – until we learnt of the sad death of the Queen. While parents took pictures of uniformed offspring outside their front doors, the press took pictures of the […]
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25 Apr 2022 2 min read
Is the FTSE 250 full of bargains investors are overlooking?
ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 23 April 2022: Below the stalwarts of the FTSE 100 – the index of Britain’s biggest companies by market capitalisation – lies the lesser known FTSE250 Index… The FTSE250 has so far underperformed its big brother this year. While the FTSE100, comprising the likes of BP, Next and Royal […]
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23 Dec 2021 1 min read
Five income fund picks for 2022
By Eve Maddock-Jones, Reporter, Trustnet, 21 December 2021 Trustnet asks fund pickers which income portfolios they recommended for what looks to be a positive year for this part of the market. Threadneedle UK Equity Income, Jupiter Emerging and Frontier Income and JPMorgan Mid Cap are just some of the buy options experts picked for income […]
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19 Apr 2021 1 min read
Rev up your returns from the mid-sized UK companies well placed to race away
Rev up your returns from the mid-sized UK companies well placed to race away – but don’t forget the minnows By ROSIE MURRAY-WEST FOR THE MAIL ON SUNDAY PUBLISHED: 22:24, 17 April 2021 | UPDATED: 12:28, 18 April 2021 As Britain finally throws off the shackles of endless lockdowns and restrictions, the economy stands poised to unfurl at welcome speed. […]
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21 Apr 2020 2 min read
Investment trust insider on UK mid caps
Investment trust insider on UK mid caps – James Carthew: my pick of the three UK mid-cap trusts Stock markets appear to be calming down, although we shouldn’t take a recovery for granted given the scale of the disruption that the global economy is experiencing. Across the investment company sector, many closed-end funds seem to trade […]
