Mercantile Investment Trust

Mercantile Investment Trust is a large British investment trust dedicated to investments in medium and smaller companies in the United Kingdom. It listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.

History

The company was established as the Mercantile Investment Trust in 1884. Robert Fleming & Co. later won the mandate and it became the Fleming Mercantile Investment Trust in June 1982. After Robert Fleming & Co. was acquired by Chase Manhattan in April 2000, and Chase Manhattan merged with J.P. Morgan & Co. in December 2000, it was brought under the management of J.P. Morgan & Co. It became the JP Morgan Fleming Mercantile Investment Trust in June 2004. It then reverted to its original name in April 2008. The chair is Rachel Beagles.