We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jpmorgan Us Smaller Co. Inv Tst Plc | LSE:JUSC | London | Ordinary Share | GB00BJL5F346 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.00 | -0.49% | 403.00 | 402.00 | 404.00 | 406.00 | 396.00 | 396.00 | 132,471 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 16.46M | 11.79M | 0.1827 | 22.00 | 259.32M |
TIDMJUSC
RNS Number : 3070O
JPMorgan US Smaller Co. IT
17 August 2017
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMorgan US Smaller Companies Investment Trust plc
Half Year Report & Accounts for the six months ended 30th June 2017
Legal Entity Identifier: 549300MDD7SOXDMBN667
Information disclosed in accordance with the DTR 4.2.2
The Directors of JPMorgan US Smaller Companies Investment Trust plc announce the Company's results for the the six months ended 30 June 2017.
CHAIRMAN'S STATEMENT
Performance
Whilst the Company's net asset value (NAV) only increased by a modest 1.6% for the first six months of 2017, it compares favourably with the Russell 2000 index (the Company's benchmark) which fell 0.2% in sterling terms. These returns were hampered by a recovery in sterling against US dollar as the NAV increased 7.5% in local currency which compares with a rise of 5.0% in the Russell 2000 index.
Currently the financial press is full of stories about active managers consistently failing to beat their benchmarks (and indeed in some cases apparently not even having a benchmark), and related to this subject, there has been a huge debate on management fees. The strong outperformance achieved by the JPMorgan team since 2009 strongly supports engaging an active manager in the US small cap sector. Since 31st December 2008, when the team in New York took over running the portfolio, the NAV has increased by 391.8% whilst the Russell 2000 index has risen by 256.9%. The NAV naturally includes all costs and fees incurred in the management of these assets whilst the index has no costs to absorb.
Discount and Premium
During the six month period to 30th June 2017 the share price fell by 1.8% as this was compared to an increase of 1.6% in NAV the modest premium to NAV at year end shifted to a 1.5% discount. As we have written in the past, aligning our share price movement with the change in the NAV is always going to be a challenge as it is more art than science. The relationship between our share price and the NAV is monitored on a daily basis by the Board and our professional advisers and to help with the management of the discount and premium we have in place the authority to repurchase up to 14.99% of the Company's issued share capital and to issue up to 10%. These authorities have been used during the first six months of 2017 and a total of 165,000 shares have been purchased into Treasury at an average discount of 8.5%. The Company currently holds 1.23% of its shares in Treasury, having issued 850,000 shares from Treasury since the year end at an average premium of 1.5%.
Outlook
I will leave the US market outlook to the experts, as set out on page 6 of the Half Year Report and Accounts, and instead remind investors why the Board hopes the Company can continue to deliver superior investment returns over the long term. 'People' is undoubtedly the key factor and with Don San Jose and his co-head Dan Percella, the Company has two experienced US small cap managers who, along with three other experienced members of the team, have built a strong team culture around them within the New York-based group. The team has a clearly defined investment philosophy and a disciplined investment process. Over the long term, the US economy has a long history of creating exciting growth prospects in the small cap sector and our Company should continue to take advantage of these opportunities for the reasons set out above.
Davina Walter
Chairman
17th August 2017
INVESTMENT MANAGERS' REPORT
Market Review
The first half of 2017 marked another period of positive returns for US equities, buoyed by strong earnings, benign inflation and synchronized global growth.
In a change of pace from 2016, we saw a reversal of market leadership as the so-called 'Trump trade' unwound as initial investor enthusiasm for reform faded with lack of progress on taxes, health care, regulation and infrastructure. As the year progressed, cyclicals ebbed in favour of defensive sectors. Almost everything that worked post-election reversed: small caps lagged large, growth outpaced value, energy and bank stocks underperformed while health care and technology outperformed.
Despite Washington's lack of progress on pro-growth policy items, measures of 'soft' data, including consumer and business confidence, have remained near post-election highs. At the same time the trajectory of the US economy remains largely unchanged since the election, highlighting a disconnect between 'soft' and 'hard' data. While there is still hope that meaningful tax and regulatory reforms can accelerate economic growth, Congress's inability to pass healthcare reform may set the stage for disappointments on other agenda items as well.
Central bank policy has also been a hot topic as the Federal Reserve appeared willing to look past softer inflation readings with respect to future rate hikes, and is prepared to begin reducing the balance sheet this fall. The ECB also became more hawkish as economic activity in the region has improved, which further pressured an already-weakening US dollar.
For the six month period the markets seemed to shrug all concerns aside as strong corporate earnings helped offset the lack of policy initiatives. Large caps, as measured by the S&P 500 Index, rallied +3.9% to outperform more domestically focused small caps which returned -0.2%, as measured by the Russell 2000 Index. Currency, which had a positive impact on absolute returns in 2016, has resulted in more muted returns for GBP investors so far in 2017 as the US dollar weakened.
Performance
For the six months ended 30th June 2017, the total return on net assets was +1.6%. The portfolio's return was ahead of its benchmark, the Russell 2000 Index, which returned -0.2%. Over the period, the primary driver of the Company's outperformance was superior stock selection across a number of sectors. In particular, our holdings in the materials & processing, consumer staples, financials and technology sectors outperformed their benchmark peer groups and added the most value over the period.
Within materials & processing, our preference for the more stable packaging companies proved beneficial. In particular, shares of AptarGroup rallied significantly as they reported better than expected results with strength in its key business areas including pharmaceuticals. The company is a leading manufacturer and designer of dispensing solutions sold into the Beauty & Home, Food & Beverage, and Pharmaceutical industries. We continue to like AptarGroup given their disciplined management team and strong balance sheet. Additionally, we believe they do not get the credit they deserve for their pharmaceutical business, which is a high quality franchise, and is the majority of their profits, yet only about 30% of their sales. Another top contributor in the sector was Cabot Microelectronics, a leading provider of slurries and pads that enable chemical mechanical planarization during the fabrication of integrated circuits. The company reported strong earnings, with continued strong growth in management's three strategic growth areas: tungsten slurries, dielectric slurries and pads. With a solid net cash balance sheet, a high teens return on invested capital, limited capital intensity and a consumables-based business model, we believe Cabot is a high quality way to invest in the semiconductor space.
In the consumer staples sector, AdvancePierre Foods was the top contributor to relative performance. The company, which provides value-added protein and handheld convenience products, saw its share price rally after it agreed to be acquired by Tyson Foods. We exited our position during the period.
Despite financials lagging the market over the period, our holdings held up better than their peers and so we enjoyed a strong relative contribution in this sector. A handful of names in the sector proved beneficial including Realogy Holdings, HFF and Corelogic.
Within technology, our names significantly outperformed with Guidewire Software and Q2 Holdings adding the most value. Guidewire, which provides software to the insurance industry, reported strong earnings which exceeded analyst expectations. Better than expected licensing revenue and lower than expected expenses drove the results. Through a combination of industry-leading innovation and a strong customer-first culture, we believe the company is positioned to be the long term winner in its served market. Q2 is a market leading provider of cloud-based virtual banking solutions to regional and community financial institutions in the US. The company reported another strong quarter of results, driven by a combination of good execution, elevated customer optimism and secular tailwinds as banking activity continued to shift from branches to digital channels. With a predictable business model, strong competitive position, and the continuing shift to digital banking, Q2 remains a core technology holding for us.
While the portfolio enjoyed strong stock selection across most sectors, our stock picking in the consumer discretionary space proved more challenging. In particular, our overweight exposure to the restaurant space detracted the most from our relative performance. Within this area, Brinker, Zoe's Kitchen and Papa Johns all suffered share price declines over the period as investor sentiment turned very negative on the space. Impacting performance was weakness in same store sales as well as concerns about margin compression due to higher labour costs. At this time, we don't see any structural reasons to exit these names; however we continue to monitor the situation closely.
Another top detractor over the period was Chico's Fas. The women's apparel company reported a tough quarter as they missed on sales and earnings per share. The company also reduced its outlook.
Positioning
As we have mentioned previously, our sector weights remain a byproduct of our bottom-up investment analysis and our disciplined approach to portfolio construction. We adhere to a consistent investment process, which focuses on identifying companies that possess a sustainable competitive advantage, have a durable business model, and are overseen by a competent management team with a track record of success. Finally, we seek to acquire equity stakes in these businesses when they trade at a discount to what we would deem to be their intrinsic value.
Not much has changed in terms of sector exposure over this period. Financials, consumer discretionary and producer durables are the largest sectors by absolute weight and account for approximately 60% of the portfolio's overall allocation.
While financials remains the portfolio's largest allocation, it's at an underweight position relative to our benchmark. We have reduced the underweight by over 1% during the period as we have found some new names such as Washington Trust Bancorp to add to the portfolio. Within financials, we continue to have significant exposure to the regional banks. In the consumer discretionary space, we have trimmed or sold out of some names, but still maintain a sizeable overweight position relative to our benchmark.
One area where we have been successful finding compelling investment ideas more recently has been technology. While still at a significant underweight position relative to our benchmark, this underweight has been reduced by nearly 2% over the last few months. New names added in this sector include Tableau and MicroStrategy.
Healthcare, as noted in previous commentaries, is another area where we continue to be challenged to find companies that meet our investment criteria. We have brought this underweight down in the last few quarters by adding to existing holdings as well as finding new opportunities. At this time, we remain at a moderate underweight of approximately 1.5% in the healthcare sector.
With regards to the Company's level of gearing, which was 5.3% as of 30th June 2017, it has increased slightly from six months ago, when it was 4.1%. As always, we will look to add or trim our gearing opportunistically.
Outlook
With markets flirting with all-time highs, investors have grown increasingly concerned with valuations. In our view, compared with historic measures, US stocks are trading somewhat above long run equilibrium but not excessively so. Relative to bonds, equities still look attractive with the earnings yield (inverse of P/E) well ahead of the bond yield.
At the time of writing this report, Wall Street's 2017 estimates stand at 7% earnings growth for small caps, as measured by the Russell 2000 Index. Absent the passage of meaningful pro-growth policy reforms, we expect US economic growth to remain at levels consistent with its post-recovery average. While we consider the odds of a near-term recession to be low, we remain cognizant of the inherent risks of a fluid geopolitical environment globally. We will also be paying close attention to the unwinding of the greatest monetary experiment in history. As the Fed and other central banks around the world start to reduce their balance sheets we need to be vigilant for potential unintended consequences. An area of obvious concern would be companies with excessive leverage, although some of the egregious examples in energy and M&A related health care have already corrected.
We think stock prices can continue to move higher, albeit at a slower pace and with the occasional episodes of volatility that are an inevitable fact of life for equity investors.
With fewer overwhelming macroeconomic trends expected in the year ahead, company fundamentals should emerge as critical factors in driving stock performance. We remain focused on finding companies with durable franchises, good management teams and stable earnings, that trade at a discount to their intrinsic value.
Don San Jose
Dan Percella
Investment Managers
17th August 2017
INTERIM MANAGEMENT REPORT
The Company is required to make the following disclosures in its Half Year Report:
Principal Risks and Uncertainties
The principal risks and uncertainties faced by the Company remain unchanged and fall into the following broad categories: investment and strategy; loss of investment team or investment manager; discount; market; political and economic; accounting, legal and regulatory; corporate governance and shareholder relations; operational; cybercrime; foreign currency; going concern; and financial. Information on each of these areas is given in the Business Review within the Annual Report and Accounts for the year ended 31st December 2016.
Related Parties Transactions
During the first six months of the current financial year, no transactions with related parties have taken place which have materially affected the financial position or the performance of the Company.
Going Concern
The Directors believe, having considered the Company's investment objectives, risk management policies, capital management policies and procedures, nature of the portfolio and expenditure projections, that the Company has adequate resources, an appropriate financial structure and suitable management arrangements in place to continue in operational existence for the foreseeable future and, more specifically, that there are no material uncertainties pertaining to the Company that would prevent its ability to continue in such operational existence for at least twelve months from the date of the approval of this half yearly financial report. For these reasons, they consider there is reasonable evidence to continue to adopt the going concern basis in preparing the accounts.
Directors' Responsibilities
The Board of Directors confirms that, to the best of its knowledge:
(i) the condensed set of financial statements contained within the half year financial report has been prepared in accordance with FRS 104 'Interim Financial Reporting' and gives a true and fair view of the state of affairs of the Company, and of the assets, liabilities, financial position and net return of the Company as at 30th June 2017 as required by the UK Listing Authority Disclosure and Transparency Rules 4.2.4R; and
(ii) the interim management report includes a fair review of the information required by 4.2.7R and 4.2.8R of the UK Listing Authority Disclosure and Transparency Rules.
In order to provide these confirmations, and in preparing these financial statements, the Directors are required to:
-- select suitable accounting policies and then apply them consistently; -- make judgements and accounting estimates that are reasonable and prudent;
-- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business;
and the Directors confirm that they have done so.
For and on behalf of the Board
Davina Walter
Chairman
17th August 2017
STATEMENT OF COMPREHENSIVE INCOME
for the six months ended 30th June 2017
(Unaudited) (Unaudited) (Audited) Six months ended Six months ended Year ended 30th June 2017 30th June 2016 31st December 2016 Revenue Capital Total Revenue Capital Total Revenue Capital Total GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Gains on investments held at air value through profit or loss - 2,061 2,061 - 21,509 21,509 - 52,175 52,175 Net foreign currency gains/(losses) on cash and loans - 454 454 - (946) (946) - (1,736) (1,736) Income from investments 1,242 - 1,242 1,037 - 1,037 2,279 - 2,279 Interest receivable 42 - 42 15 - 15 38 - 38 ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Gross return 1,284 2,515 3,799 1,052 20,563 21,615 2,317 50,439 52,756 Management fee (86) (776) (862) (60) (540) (600) (134) (1,208) (1,342) Other administrative expenses (207) - (207) (217) - (217) (438) - (438) ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Net return on ordinary activities before finance costs and taxation 991 1,739 2,730 775 20,023 20,798 1,745 49,231 50,976 Finance costs (15) (133) (148) (9) (77) (86) (20) (182) (202) ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Net return on ordinary activities before taxation 976 1,606 2,582 766 19,946 20,712 1,725 49,049 50,774 Taxation (188) - (188) (148) - (148) (336) - (336) ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Net return on ordinary activities
after taxation 788 1,606 2,394 618 19,946 20,564 1,389 49,049 50,438 ------------------------- -------- -------- -------- -------- -------- -------- -------- -------- --------- Return per share (note 3) 1.40p 2.86p 4.26p 1.11p 35.82p 36.93p 2.51p 88.76p 91.27p
STATEMENT OF CHANGES IN EQUITY
for the six months ended 30th June 2017
Called Capital up share Share redemption Capital Revenue capital premium reserve Reserves(1) Reserve(1) Total GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 ----------------------------- -------- -------- ----------- ------------ ----------- --------- Six months ended 30th June 2017 (Unaudited) At 31st December 2016 1,424 8,998 1,851 141,567 (16) 153,824 Shares issued from Treasury - 2,349 - 65 - 2,414 Repurchase of shares into Treasury - - - (420) - (420) Net return on ordinary activities - - - 1,606 788 2,394 ----------------------------- -------- -------- ----------- ------------ ----------- --------- At 30th June 2017 1,424 11,347 1,851 142,818 772 158,212 ----------------------------- -------- -------- ----------- ------------ ----------- --------- Six months ended 30th June 2016 (Unaudited) At 31st December 2015 1,424 8,046 1,851 93,889 (1,405) 103,805 Repurchase of shares into Treasury - - - (2,475) - (2,475) Net return on ordinary activities - - - 19,946 618 20,564 ----------------------------- -------- -------- ----------- ------------ ----------- --------- At 30th June 2016 1,424 8,046 1,851 111,360 (787) 121,894 ----------------------------- -------- -------- ----------- ------------ ----------- --------- Year ended 31st December 2016 (Audited) At 31st December 2015 1,424 8,046 1,851 93,889 (1,405) 103,805 Shares issued from Treasury - 952 - 1,671 - 2,623 Repurchase of shares into Treasury - - - (3,042) - (3,042) Net return on ordinary activities - - - 49,049 1,389 50,438 ----------------------------- -------- -------- ----------- ------------ ----------- --------- At 31st December 2016 1,424 8,998 1,851 141,567 (16) 153,824 ----------------------------- -------- -------- ----------- ------------ ----------- ---------
(1) These reserves form the distributable reserves of the Company and may be used to fund distributions of profits to investors via dividend payments.
STATEMENT OF FINANCIAL POSITION
at 30th June 2017
(Unaudited) (Unaudited) (Audited) 30th June 30th June 31st December 2017 2016 2016 GBP'000 GBP'000 GBP'000 --------------------------------------- ------------ ------------ -------------- Fixed assets Investments held at fair value through profit or loss 166,673 132,089 160,194 Current assets Derivative financial assets 1 - - Debtors 1,396 233 651 Cash and cash equivalents 6,367 4,788 9,408 --------------------------------------- ------------ ------------ -------------- 7,764 5,021 10,059 Current liabilities Creditors: amounts falling due within one year(1) (16,225) (15,211) (16,429) Derivative financial liabilities - (5) - --------------------------------------- ------------ ------------ -------------- Net current liabilities (8,461) (10,195) (6,370) --------------------------------------- ------------ ------------ -------------- Total assets less current liabilities 158,212 121,894 153,824 --------------------------------------- ------------ ------------ -------------- Net assets 158,212 121,894 153,824 --------------------------------------- ------------ ------------ -------------- Capital and reserves Called up share capital 1,424 1,424 1,424 Share premium 11,347 8,046 8,998 Capital redemption reserve 1,851 1,851 1,851 Capital reserves 142,818 111,360 141,567 Revenue reserve 772 (787) (16) --------------------------------------- ------------ ------------ -------------- Total shareholders' funds 158,212 121,894 153,824 --------------------------------------- ------------ ------------ -------------- Net asset value per share (note 4) 281.2p 222.0p 276.7p
(1) At 30th June 2017, the Company had drawn down US$20.0m (GBP GBP15.0m equivalent) on its loan facility with Scotiabank.
STATEMENT OF CASH FLOWS
for the six months ended 30th June 2017
(Unaudited) (Unaudited) (Audited) Six months Six months ended ended Year ended 30th June 30th June 31st December 2017 2016 2016 GBP'000 GBP'000 GBP'000 Net cash outflow from operations before dividends and interest (1,074) (858) (1,801) Dividends received 1,198 897 1,687 Interest received 48 15 32 Overseas tax recovered 13 8 7 Interest paid (136) (66) (164) ------------------------------------ ------------ ------------ -------------- Net cash inflow/(outflow) from operating activities 49 (4) (239) ------------------------------------ ------------ ------------ -------------- Purchases of investments (25,713) (11,742) (29,098) Sales of investments 20,890 15,261 34,985 Settlement of forward currency contracts 5 (8) 6 Overseas tax recovered on capital 75 - - events ------------------------------------ ------------ ------------ -------------- Net cash (outflow)/inflow from investing activities (4,743) 3,511 5,893 ------------------------------------ ------------ ------------ -------------- Shares re-issued from Treasury 2,414 - 2,623 Repurchase of shares into Treasury (420) (2,475) (3,042) ------------------------------------ ------------ ------------ -------------- Net cash inflow/(outflow) from financing activities 1,994 (2,475) (419) ------------------------------------ ------------ ------------ -------------- (Decrease)/increase in cash and cash equivalents (2,700) 1,032 5,235 ------------------------------------ ------------ ------------ -------------- Cash and cash equivalents at start of period 9,407 3,298 3,298 Foreign exchange (losses)/gains (340) 458 874 Cash and cash equivalents at end of period 6,367 4,788 9,407 ------------------------------------ ------------ ------------ -------------- (Decrease)/increase in cash and cash equivalents (2,700) 1,032 5,235 ------------------------------------ ------------ ------------ -------------- Cash and cash equivalents consist of: Cash and short term deposits 7 3 - Bank overdraft - - (1) Cash held in JPMorgan US Dollar Liquidity Fund 6,360 4,785 9,408 ------------------------------------ ------------ ------------ -------------- Total 6,367 4,788 9,407 ------------------------------------ ------------ ------------ --------------
NOTES TO THE FINANCIAL STATEMENTS
FOR THE SIX MONTHSED 30TH JUNE 2017
1. Financial statements
The information contained within the financial statements in this half year report has not been audited or reviewed by the Company's auditors.
The figures and financial information for the year ended 31st December 2016 are extracted from the latest published financial statements of the Company and do not constitute statutory accounts for that year. Those financial statements have been delivered to the Registrar of Companies, including the report of the auditors which was unqualified and did not contain a statement under either section 498(2) or 498(3) of the Companies Act 2006.
2. Accounting policies
The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' of the United Kingdom Generally Accepted Accounting Practice ('UK GAAP') and with the Statement of Recommended Practice 'Financial Statements of Investment Trust Companies and Venture Capital Trusts' (the revised 'SORP') issued by the Association of Investment Companies in November 2014 and updated in January 2017.
FRS 104, 'Interim Financial Reporting', issued by the Financial Reporting Council ('FRC') in March 2015 has been applied in preparing this condensed set of financial statements for the six months ended 30th June 2017.
All of the Company's operations are of a continuing nature.
The accounting policies applied to this condensed set of financial statements are consistent with those applied in the financial statements for the year ended 31st December 2016.
3. Return per share
(Unaudited) (Unaudited) (Audited) Six months Six months Year ended ended ended 30th June 30th June 31st December 2017 2016 2016 GBP'000 GBP'000 GBP'000 --------------------------- ------------ ------------ -------------- Return per share is based on the following: Revenue return 788 618 1,389 Capital return 1,606 19,946 49,049 --------------------------- ------------ ------------ -------------- Total return 2,394 20,564 50,438 --------------------------- ------------ ------------ -------------- Weighted average number of shares in issue 56,210,630 55,679,115 55,258,808 Revenue return per share 1.40p 1.11p 2.51p Capital return per share 2.86p 35.82p 88.76p --------------------------- ------------ ------------ -------------- Total return per share 4.26p 36.93p 91.27p --------------------------- ------------ ------------ --------------
4. Net asset value per share
(Unaudited) (Unaudited) (Audited) 30th June 30th June 31st December 2017 2016 2016 --------------------------- ------------ ------------ -------------- Net assets (GBP'000) 158,212 121,894 153,824 Number of shares in issue 56,271,928 54,900,928 55,586,928 --------------------------- ------------ ------------ -------------- Net asset value per share 281.2p 222.0p 276.7p --------------------------- ------------ ------------ --------------
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
JPMORGAN FUNDS LIMITED
17th August 2017
For further information, please contact:
Lucy Dina,
For and on behalf of
JPMorgan Funds Limited
020 7742 4000
ENDS
A copy of the annual report will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM
The annual report will shortly be available on the Company's website at www.jpmussmallercompanies.co.uk where up-to-date information on the Company, including daily NAV and share prices, factsheets and portfolio information can also be found.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BBGDILBBBGRR
(END) Dow Jones Newswires
August 17, 2017 07:21 ET (11:21 GMT)
1 Year Jpmorgan Us Smaller Co. ... Chart |
1 Month Jpmorgan Us Smaller Co. ... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions