Jupiter UK Growth Inv Trust PLC Edison review: Jupiter UK Growth Investment Trust
October 13 2017 - 10:32AM
RNS Non-Regulatory
TIDMJUKG
Jupiter UK Growth Inv Trust PLC
13 October 2017
London, UK, 13 October 2017
Edison issues review on Jupiter UK Growth Investment Trust
(JUKG)
Jupiter UK Growth Investment Trust (JUKG) aims to deliver
long-term capital growth from investing predominantly in UK
equities. Its approach is bottom-up, long-term and contrarian, with
relatively few constraints against the benchmark. The result is a
concentrated portfolio of c 35 high-conviction stocks that is
significantly different from the index. JUKG is notably overweight
UK domestically-focused companies and holds no stocks in the oil
& gas and utilities sectors. JUKG's manager believes there are
many mispriced opportunities in the current uncertain macro
environment, which is well-suited to his contrarian style.
JUKG trades at a narrow 2.9% discount to cum-income NAV and
consistently trades close to its NAV due to a nil-discount
management policy, which has been in effect since 2014. The trust
has an above peer group average dividend yield, currently 2.1%.
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