Sixth JPMorgan Investment Trust admitted to FTSE 250

Following the recent FTSE Index Quarterly Review, JPMorgan Asset Management saw its sixth investment trust admitted to the FTSE 250 this week.

The JPMorgan European Fledgeling Investment Trust will join JPMorgan European Investment Trust, JPMorgan Emerging Market Investment Trust, JPMorgan Indian Investment Trust, JPMorgan Russian Securities and JPMorgan Asset Management managed Mercantile Investment Trust, on 23 June 2008.

With total assets of £402.1m, the JPMorgan European Fledgeling Investment Trust focuses on capital growth from smaller European companies and has outperformed its benchmark, returning 17.6% over three months, while the benchmark (the HSBC Small European Companies (ex UK) Index) returned 9.3%. Over one, three and five years the fund has returned -15.0%, 102.7% and 337.0% respectively while the benchmark has returned -11.0%, 72.6% and 204.0% over the same periods.

Jim Campbell, manager of the JPMorgan European Fledgeling Investment Trust, commented on the trusts positioning saying, "European stock markets have fallen, but our stock selection process and over weight position in food, beverage and tobacco has boosted relative returns."