JPMorgan European Growth & Income (JEGI)

JPMorgan European Growth and Income (JEGI) has continued to build on its outstanding Performance track record as a diversified, balanced, core European equity trust, with an 80% NAV total return over the last five years, compared to 53% for the benchmark MSCI Europe ex UK index (figures to 15/06/2026). Strong performance combined with an attractive Dividend policy have contributed to JEGI’s Discount, which through 2026 has been close to, or even slightly above, net asset value.

On 29/05/2026 JEGI announced that it was the default rollover option for European Opportunities Trust (EOT), which has put forward a range of proposals to its shareholders. JEGI gives EOT shareholders the option to retain a holding in an investment trust investing in European equities. JEGI’s manager, JPMorgan Asset Management will contribute to JEGI’s costs, ensuring that the transaction will be cost-neutral. Existing JEGI shareholders should also be reassured that there is no change to how JEGI is managed.

The main benefit for JEGI shareholders is an increase in the size of JEGI. Specifically, JEGI’s management fee is tiered and assets rolling into JEGI will have the effect of reducing percentage costs to all shareholders. A larger trust will also be more marketable to a wider range of shareholders. A shareholder circular with full details can be viewed here.