Market Matters with Zenah Shuhaiber from JPMorgan European Growth & Income

In our new monthly podcast, we bring you big picture insights from leading investment specialists, exploring the opportunities, challenges and potential threats shaping investors’ portfolios.

This month, we are joined by Zenah Shuhaiber, portfolio manager of JPMorgan European Growth & Income (JEGI), invests in a portfolio of companies listed in Continental Europe and appeals to both growth and income-oriented investors alike.

JEGI is the top performer in the AIC: Europe sector over one, three and five years and was awarded an income rating by Kepler Trust Intelligence in 2025.

Zenah obtained an MA in economics and management from Oxford University and has been an employee at J.P. Morgan Asset Management since 2004.

In this month’s episode, we find out how Zenah became a fund manager, discover the dynamism within European stock markets and which sectors and companies JEGI is overweight and underweight.

00:00 Introduction

01:57 Background to becoming a fund manager

03:38 The outlook for European stock markets

05:22 How does Europe's tech sector stack up against Silicon Valley?

08:01 Is the semiconductor shedding its cyclical tag with heightened AI spending?

10:10 Does JEGI invest in defence stocks?

12:31 How will US tariffs affect Europe?

15:28 On which sectors in Europe are you the most bullish?

17:55 Where are you underweight?

19:53 How much freedom does JEGI's dividend policy give you as a portfolio manager?

20:45 The biggest risks for investors in 2025 and beyond

22:41 The biggest opportunities for investors in 2025 and beyond

24:38 Further information

25:01 Disclaimer

Our latest market insights: https://www.trustintelligence.co.uk/investor/articles/category/strategy-investor

Please note that this podcast was recorded on 10 March 2025.