WEBVTT

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GUY ANDERSON: My
name is Guy Anderson,

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and I'm a portfolio manager
in the International Equity

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group at JP Morgan I
have responsibility

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for looking after the UK
Mid and Small Cap team.

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And alongside my
co-manager, Anthony Lynch,

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I manage the Mercantile
Investment Trust.

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I've been managing
the Mercantile

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since I joined the firm in
2012 and have over 20 years

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experience in the industry.

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The Mercantile Investment
Trust was founded in 1884.

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The objective of
the investment trust

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is to deliver long-term
capital growth

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by investing in a
diversified portfolio

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of UK-listed mid and
small-cap companies.

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That is to say, those
are the companies

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that sit outside of the FTSE
100, the index of the largest

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100 companies in the UK.

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The Mercantile
Investment Trust is

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looking to deliver
long-term capital growth

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by investing in a
diversified portfolio

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of UK-listed mid and
small-cap companies.

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That is to say, we
focus on those companies

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that sit outside of the FTSE
100, the index of largest

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companies in the UK.

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We believe that smaller
companies have the potential

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to grow at a higher rate
than larger companies

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and thus deliver superior
returns over the long term,

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and that is why we
are looking to build

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a portfolio of companies
that we think will be

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tomorrow's UK market leaders.

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Mercantile provides
investors with access

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to an actively-managed portfolio
of UK-listed mid and small-cap

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stocks.

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This way, it provides
access to what

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we think of as the most
exciting part of the UK market,

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those companies that are
able to grow and deliver

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superior returns over the
long term, and crucially,

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having that actively
managed portfolio

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means that we can hand-select
those companies for inclusion

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into the portfolio and
thus have the potential

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to beat the underlying
market over the long term.

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In addition, an investment trust
is exactly the right structure

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for this strategy, as it
provides permanent capital

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and thus allows us,
the manager, to make

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genuinely long-term
investment decisions, looking

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for those companies that
will deliver the best returns

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over the next five or 10 years.

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