Fund Manager Q&A: JP Morgan Mid Cap Investment Trust

What is the underlying strategy of the fund?

The backdrop to the strategy is our behavioural investing approach – taking natural human traits and biases and identifying where those traits and biases impact investment decisions and then trying to take advantage of the mis-pricing that can result by using a disciplined approach to investing, as highlighted by the process slides attached.

Our key focus is looking for stocks that display positive earnings momentum, indicating a company is performing ahead of its own and market expectations. Quality comes as a given and we will also have a positive bias to high quality companies in the portfolio. This is then combined with an analysis of valuation and taking a view on what we believe is priced in to the share price.

What advantages do you feel mid cap companies exhibit over larger cap companies from an investors perspective?

Mid cap companies tend to be more nimble and flexible allowing fewer constraints on g