Edison review on Jupiter Green Investment Trust

RNS Number : 2170P

Jupiter Green Investment Trust Plc

29 August 2017

 

London, UK, 29 August 2017

Edison issues review on Jupiter Green Investment Trust (JGC)

Jupiter Green Investment Trust (JGC) invests in companies around the world that are providing solutions to environmental challenges. It aims for capital growth from a portfolio of c 60 companies, chosen through a disciplined, bottom-up investment process with a focus on quality and valuation. The trust is managed by a team at Jupiter Asset Management who also run the UK's first environmentally focused collective investment fund, Jupiter Ecology. The managers report that their investment universe has expanded considerably as environmental issues have become more mainstream and technological advances have made companies in areas such as renewable energy more competitive. JGC's small size and closed-end structure allow the managers more flexibility to invest in smaller, less liquid and potentially higher-growth companies than in their larger open-ended mandates, including up to 5% in unlisted stocks.

At 24 August, JGC's shares traded at a 5.5% discount to cum-income NAV. This was broadly in line with the 12-month average discount of 5.8%, and a little wider than the three- and five-year averages of 4.8%. JGC's board aims to keep the share price close to NAV, and regularly buys back shares to limit the discount. The trust invests for capital growth, but also offers a current dividend yield of 0.7%, broadly in line with its closest peer.  

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