JPMorgan European Growth & Income plc is a British investment trust established in 1929, dedicated to investing in Continental European companies to deliver capital growth and a rising share price over the longer term through carefully controlled risks. It serves as a core European equity vehicle, managed by an experienced team led by Alexander Fitzalan Howard since 2006, alongside Zenah Shuhaiber and Timothy Lewis, who apply JPMorgan's principles of quality, value, and momentum to select around 90 stocks, predominantly large-cap with some mid- and smaller-cap opportunities comprising about 11% of the portfolio. The trust employs modest gearing of approximately 5-7% and pays quarterly dividends equivalent to 4% of NAV annually, utilizing current income and reserves, yielding around 3.6-4.3%. Recent portfolio adjustments have increased exposure to domestically oriented European businesses, such as engineering firms and banks like UniCredit, benefiting from improved economic outlooks including German infrastructure and defense spending. With a market capitalization around £569-608 million and top holdings like ASML, Novartis, and SAP, it plays a significant role in providing diversified European equity exposure amid valuation discounts relative to U.S. markets.