Overweight returns from Danish pharmaceutical company Novo Nordisk drove JPMorgan European Growth and Income (JEGI) further ahead of its MSCI Europe Ex-UK index benchmark last month, earning the managers a Citywire AAA-rating.
July’s updated ratings show that JPMorgan’s Alexander Fitzalan-Howard, Zenah Shuhaiber and Tim Lewis were new entrants on the list of the best equity trust managers over a three-year period.
The income-focused trust, which has a 4.1% yield, motored ahead of its growth-focused peers, with a larger attribution to Novo Nordisk and a smaller weighting to plane manufacturer Airbus contributing to returns in June, according to the factsheet.