The Mercantile Investment Trust plc (MRC.L)
The Mercantile Investment Trust plc operates in the Asset Management industry of the Financial Services sector, headquartered in London, GL, GB. The stock last traded at $285.50, down 0.35% on the session, giving a market capitalisation of $1.81B. Its beta of 1.53 implies it has historically moved more than the broad market.
Based in the United Kingdom, The Mercantile Investment Trust plc functions as an open-ended equity fund, aiming to generate returns from the nation's public stock markets. The management of this trust falls under JPMorgan Funds Limited, with JPMorgan Asset Management (UK) Limited serving as co-manager. Its investment strategy involves deploying capital across a diverse range of industries, with a particular focus on companies categorized as mid-sized and small-cap. To evaluate its performance, the fund references the FTSE All Share (excluding FTSE 100 and Investment Companies) Index. This long-standing entity, initially formed in December 1884, was previously known as JP Morgan Fleming Mercantile Investment Trust plc.
The Mercantile Investment Trust plc is most often compared with the following Financial Services names: