Mercantile Investment Trust
British investment trust investing in medium and smaller companies in the UK
From Wikipedia, the free encyclopedia
Mercantile Investment Trust (LSE: MRC) is a large British investment trust dedicated to investments in medium and smaller companies in the United Kingdom.[1] It listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.[2]
financial service activities, except insurance and pension funding
| Type | Public |
|---|---|
| LSE: MRC FTSE 250 component | |
| Industry | activities of holding companies financial service activities, except insurance and pension funding |
| Founded | 1884 |
| Headquarters | , |
Key people | Rachel Beagles (chair) |
| Website | am |
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.[3] After Robert Fleming & Co. was acquired by Chase Manhattan in April 2000,[4] and Chase Manhattan merged with J.P. Morgan & Co. in December 2000,[5] 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.[3] The chair is Rachel Beagles.[6]
