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About the company
The Mercantile Investment Trust PLC is a United Kingdom-based investment trust company. The Company's objective is to achieve long term capital growth from a portfolio of United Kingdom medium and smaller companies. The Company's investment policy includes to emphasize capital growth from medium and smaller companies; to achieve long term dividend growth at least in line with inflation; to use long term gearing to increase potential returns to shareholders, and to invest no more than 15% of gross assets in other United Kingdom listed closed-ended investment funds (including investment trusts). The Company's investment includes sectors, such as industrials, financials, technology, telecommunications, health care, basic materials, consumer discretionary, consumer staples, energy, real estate, and utilities. The Company's Alternative Investment Fund Manager is JPMorgan Funds Limited.
- Revenue in GBP (TTM)435.03m
- Net income in GBP411.79m
- Incorporated1884
- Employees0.00
- LocationMercantile Investment Trust60 Victoria EmbankmentLONDON EC4Y 0JPUnited KingdomGBR
- Phone+44 20 7742 4000
- Websitehttps://am.jpmorgan.com/gb/en/asset-management/per/products/the-mercantile-investment-trust-plc-ordinary-shares-gb00bf4jdh58
Profile
| Management group(s) | JP Morgan Asset Management (UK) Ltd |
|---|---|
| AIC sector | UK All Companies |
| ISIN | GB00BF4JDH58 |
| Launch date | 08 Dec 1884 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To achieve long-term capital growth from a portfolio of UK medium and smaller companies by invests in medium and smaller companies which are listed mainly on the London Stock Exchange and to provide long-term dividend growth at least in line with inflation.
Managed by
| Anthony Lynch, Guy Anderson |
|---|
Management & contract fees
The management fee is 0.45% p.a. of the market capitalisation of Company. The contract terminable on six months notice, without penalty.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Pantheon International PLC | 78.93m | 31.65m |
| Allianz Technology Trust PLC | 521.55m | 511.54m |
| Murray International Trust plc | 204.49m | 184.74m |
| Rathbones Group PLC | 888.53m | 63.32m |
| Personal Assets Trust PLC | 66.67m | 44.26m |
| JTC PLC | 283.06m | 29.13m |
| Worldwide Healthcare Trust PLC | 253.44m | 227.52m |
| Templeton Emerging Markets Inv Trust plc | 172.27m | 140.33m |
| Mercantile Investment Trust PLC | 435.03m | 411.79m |
| HarbourVest Global Private Equity Ltd | 107.74m | 76.58m |
| Caledonia Investments plc | 233.80m | 203.80m |
| AJ Bell PLC | 245.88m | 81.33m |
| Smithson Investment Trust PLC | -26.10m | -51.47m |
| TP ICAP Group PLC | 2.20bn | 99.00m |
| JPMorgan American Investment Trust PLC | 434.96m | 424.07m |
| Quilter PLC | 6.43bn | 50.00m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Rathbones Investment Management Ltd.as of 17 Jul 2024 | 102.89m | 13.43% |
| Brewin Dolphin Ltd.as of 09 Sep 2024 | 69.63m | 9.09% |
| Quilter Cheviot Ltd.as of 31 Jan 2023 | 48.51m | 6.33% |
| Evelyn Partners Investment Management LLPas of 31 Jul 2024 | 38.75m | 5.06% |
| J. M. Finn & Co. Ltd.as of 02 Sep 2024 | 37.61m | 4.91% |
| Investec Wealth & Investment Ltd.as of 17 Jul 2024 | 20.63m | 2.69% |
| Close Asset Management Ltd.as of 02 Sep 2024 | 13.85m | 1.81% |
| BlackRock Investment Management (UK) Ltd.as of 02 Sep 2024 | 12.88m | 1.68% |
| Hargreaves Lansdown Asset Management Ltd.as of 02 Sep 2024 | 10.43m | 1.36% |
| Allspring Global Investments LLCas of 02 Sep 2024 | 7.61m | 0.99% |
