LONDON STOCK EXCHANGE ANNOUNCEMENT
24 June 2024
JPMORGAN CLAVERHOUSE INVESTMENT TRUST PLC (the
'Company')
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Legal Entity Identifier:
549300NFZYYFSCD52W53
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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.