REG - JPMorgan Claver IT - Portfolio Manager Changes

JPmorgan Claverhouse Investment TrustAnnouncement

24/06/2024 16:00

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RNS Number : 6493T  JPMorgan Claverhouse IT PLC  24 June 2024

 LONDON STOCK EXCHANGE ANNOUNCEMENT

 

 

 

24 June 2024

 

 JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC (the 'Company')
 Legal Entity Identifier: 549300NFZYYFSCD52W53

 

 

Portfolio Manager Changes

 

The Board of JPMorgan Claverhouse Investment Trust plc (the "Company" or
"JCH") has been notified that William Meadon is leaving J.P.Morgan Asset
Management ("JPMorgan") in August 2024 after 28 years.

 

The Board has reviewed the Company's portfolio management arrangements with
JPMorgan and is pleased to confirm that Callum Abbot, who has been a
co-manager on the Company for the last six years, remains in this role and
will be joined by Anthony Lynch and Katen Patel, as co-managers, with effect
from 1 July 2024.

 

There is no change to the Company's investment objective or investment policy
as a result of this change, which remain "to provide shareholders with a
combination of capital and income growth from UK investments; investments will
be made in a diversified portfolio consisting mostly of leading companies
listed on the London Stock Exchange. The Company's portfolio consists of
between 60 and 80 investments in which the Manager has high conviction."

 

Anthony and Katen both have experience of managing investment trusts and have
demonstrated strong performance track records. They currently manage the JPM
UK Equity Income Fund, which has outperformed its benchmark and is in the top
quartile over 1 and 5 years and since inception in May 2017.

 

The Chairman of JCH, David Fletcher, commented:

 

"The Board would like to thank William for his significant contribution to the
Company over the past 12 years and wish him every success in his future
endeavours.  We are pleased to welcome Anthony and Katen as co-managers of
the Company's portfolio, alongside Callum. Both Anthony and Katen have strong
track records of managing UK equity income portfolios and we have confidence
that their addition to the investment team will benefit shareholders.

 

JCH is an AIC Dividend Hero*, delivering annual dividend growth for its
shareholders every year since 1973. In particular, Anthony and Katen have
experience investing in companies across the market capitalisation spectrum
which we believe will assist the Company in continuing to fulfil its
progressive dividend policy objective by focusing on high quality stocks with
the ability to generate consistent and growing dividends. We look forward to
working with the portfolio management team at this exciting time for investing
in UK markets."

 

 

Portfolio Manager Biographies

 

Anthony Lynch, executive director, is a portfolio manager within JPMorgan's
International Equity Group, based in London. He is a member of the UK Mid and
Small Cap investment team, is a co-manager on The Mercantile Investment Trust
plc and has additional responsibilities for equity income mandates investing
in the listed UK market. An employee since 2009, Anthony joined the firm as a
graduate trainee. He obtained a B.A. (Hons) in Economics from Durham
University and is a CFA charterholder.

 

Callum Abbot, executive director, is a portfolio manager within the JPMorgan's
International Equity Group, based in London. He is a member of the Core
investment team and has been a co-manager on JPMorgan Claverhouse Investment
Trust plc since 2018. An employee since 2012, Callum joined the firm as a
graduate trainee. Callum obtained a BA (Hons) in Geography and Management at
the University of Cambridge and is a CFA charterholder.

 

Katen Patel, executive director, is a portfolio manager within the JPMorgan's
International Equity Group, based in London. He is a member of the UK Mid and
Small Cap investment team, is a co-manager on JPMorgan UK Small Cap Growth
& Income plc and has additional responsibilities for equity income
mandates investing in the listed UK market. An employee since April 2013, he
previously worked at HSBC Bank Plc in a European equity sales role. He
obtained a BSc. in Management from the London School of Economics and
Political Science and is a CFA charterholder.

 

 

For further information please contact:

 

JPMorgan Claverhouse Investment Trust plc         Contact via the
Company Secretary

David Fletcher

 

JPMorgan Funds Limited - Company Secretary     +44 (0) 20 7742 4000

Anmol Dhillon

 

Deutsche Numis - Corporate
Broker                                   +44
(0) 20 7260 1426

Nathan Brown

 

 

* Awarded to investment companies that have increased their dividends each
year for 20 years or more. In 2023, the Company raised its dividend for its
51st consecutive year.

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