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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    When the inhabitants of some sequestered island first descry the “big canoe” of the European rolling through the blue waters towards their shores, they rush down to the beach in crowds, and with open arms stand ready to embrace the strangers. Fatal embrace! They fold to their bosoms the vipers whose sting is destined to poison all their joys; and the instinctive feeling of love within their breasts is soon converted into the bitterest hate.
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