JPM European Income investment trust's inclusion in interactive investor's Super 60 fund rating list has been placed under formal review after a run of poor performance.
In a statement on Thursday (26 November), interactive investor said that the trust's market return has been lagging peers on both a short- and long-term basis, and warned that while the trust is currently offering an attractive dividend yield it "may not be sustainable" With a dividend yield of 5.2%, and its managers forecasting this to rise to 6.1% by the end of the financial year on 31 March, the trust is currently trading on a 12.1% discount to NAV of £148m, according to the Association of Investment Companies (AIC). Its share price is down 12.4% and 8.4% over one year and three ye...
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