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

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Jupiter UK Growth Inv Trust PLC

30 October 2018

London, UK, 30 October 2018

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

Jupiter UK Growth Investment Trust (JUKG) aims to deliver long-term capital appreciation, primarily through investing in UK equities. The fund has few constraints against the benchmark, and the manager, Steve Davies, is highly selective in his bottom-up approach, investing in 30-35 companies with recovery or growth potential. The portfolio and its performance can therefore diverge significantly from the FTSE All-Share index. Davies believes UK equities are currently unloved, and investors are excessively pessimistic and focused on the short-term outlook. While he expects the UK market to remain out of favour over the near term, as a natural contrarian investor with a long-term horizon, he says he is finding exciting investment opportunities.

JUKG currently trades at a 0.5% premium to its cum-income NAV, which is modestly below the three-year average discount of 2.0%. The board has a nil-discount policy and JUKG is the only trust in the AIC UK All Companies sector to follow such a policy.

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October 30, 2018 07:46 ET (11:46 GMT)