Jupiter UK Growth Inv Trust PLC Edison reviews Jupiter UK Growth Investment Trust

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Jupiter UK Growth Inv Trust PLC

15 May 2018

London, UK, 15 May 2018

Edison issues review on Jupiter UK Growth Investment Trust (JUKG)

Jupiter UK Growth Investment Trust (JUKG) aims to generate long-term capital growth, primarily through investing in UK-listed equities. With few investment constraints, the manager, Steve Davies focuses on fundamental stock selection to build a concentrated portfolio of around 35 investments. Active engagement with companies' chairmen and non-executive directors is a key part of the investment process, and contributes significantly towards the manager's level of conviction. Davies believes stock-market drivers are changing as several big investment themes come to an end. He expects stock-picking to come back into focus and JUKG should be well-placed in this environment. On 30 November, the rollover of Jupiter Dividend & Growth Trust (JDG) into JUKG resulted in an increase in assets of GBP24.6m and the issue of 7.8m new shares.

JUKG consistently trades close to its NAV; at 11 May its discount to cum-income NAV was 2.7%. It is one of just two trusts in its sector to follow a nil-discount policy, introduced in 2014. The dividend yield of 2.0% is average among peers.

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May 15, 2018 04:47 ET (08:47 GMT)