Jupiter US Smaller Companies PLC Edison reviews Jupiter US Smaller Companies (JUS)
19 June 2019 - 1:26AM
RNS Non-Regulatory
TIDMJUS
Jupiter US Smaller Companies PLC
18 June 2019
London, UK, 18 June 2019
Edison issues review on Jupiter US Smaller Companies (JUS)
Jupiter US Smaller Companies (JUS) is continuing to deliver
improved investment performance following a tightening up of its
investment process in October 2017. The trust has outperformed its
small-cap equity benchmark over the last one and three years in
both NAV and share price terms. Increased stock market volatility
in recent months has presented manager Robert Siddles with an
increasing array of attractive investment opportunities across a
range of industries; although this has increased portfolio
turnover, the manager continues to invest with a long-term view,
aiming to generate capital growth while preserving capital during
periods of stock market weakness.
JUS is currently trading at a 9.1% discount to NAV, which
compares with its average discounts of 7.8%, 9.0%, 9.1% and 6.2%
over the last one, three, five and 10 years respectively. There is
scope for the discount to narrow given the notable benefits of the
enhancements to the strategy, which are driving improved investment
performance. The trust may gear up to 20% of total assets (net
gearing of 4.8% at the end of May 2019). It does not pay a
dividend.
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