Eight months in, 2024 is already a record year for M&A (mergers and acquisitions) in the investment trust sector.Trust boards are increasingly focused on value for money and shareholder returns amid persistently wide discounts to NAV (net asset value) and with activists nosing around. A major trend underway is mergers between sub-scale trusts with similar remits to create funds large and liquid en

JPMorgan UK Small Cap Growth & Income (JUGI) 322pGain to date: 9.7% In March 2024 we made the case for investing in the newly merged JPMorgan UK Small Cap Growth & Income (JUGI).The trust is the result of a merger between JPMorgan Mid Cap and JPMorgan UK Smaller Companies, finalised in November 2023, and since then it hasn't disappointed investors.Managers Georgina Brittan and Katen Patel are bott

Now the ballots have been cast at the general election, the UK could become the 'reassuringly boring' market, both politically and fiscally, when compared to the more extreme politics on the other side of the English Channel and Atlantic Ocean.So suggests Jean Roche, manager of the Schroder UK Mid Cap Fund (SCP), who notes capital allocators know more or less what to expect, which could explain th

JPMorgan UK Small Cap Growth & Income(JUGI) 293.5pMarket cap: £403.4 millionA major trend in the investment trust sector is mergers between sub-scale trusts with similar remits to create funds large enough and sufficiently liquid to attract wealth managers and retail investors.One example which Shares believes offers a compelling proposition is JPMorgan UK Small Cap Growth & Income (JUGI), which