JPMorgan European Fledgling Investment Trust

JP Morgan European Smaller Companies Trust (LSE: JESC), formerly the JP Morgan European Fledgling Investment Trust, is a large British investment trust dedicated to investments in European companies. It was established in 1990. The Chairman is Liz Airey.

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    It has become necessary to call the attention of European governments to a fact which is apparently so insignificant that the governments seem not to notice it. The fact is this: an entire people is being annihilated. Where? In Europe. Are there witnesses? One witness, the entire world. Do the governments see it? No.
    Victor Hugo (1802–1885)

    If in a shimmering room the babies came,
    Drawn close by dreams of fledgling wing,
    It was because night nursed them in its fold.
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    The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.
    —For the State of Massachusetts, U.S. public relief program (1935-1943)

    Oh yet we trust that somehow good
    Will be the final goal of ill!
    Alfred Tennyson (1809–1892)