JPMorgan European Smaller Companies Trust plc is a closed-ended equity fund launched and managed by JPMorgan Funds Limited, and co-managed by JPMorgan Asset Management (UK) Limited. It invests in European public equity markets excluding the United Kingdom, primarily in growth and value stocks of small-cap companies across diversified sectors. The fund benchmarks its performance against the Euromoney Smaller European Companies (ex UK) Total Return Index. It was formerly known as JPMorgan European Fledgeling Investment Trust plc, was formed on April 24, 1990, and is domiciled in the United Kingdom.