Edison reviews Jupiter Green Investment Trst (JGC)

RNS Number : 9319S

Jupiter Green Investment Trust Plc

14 March 2019

 

London, UK, 14 March 2019

Edison issues review on Jupiter Green Investment Trust (JGC)

Jupiter Green Investment Trust (JGC) is continuing to benefit from the greater public interest in green issues, which is driving demand growth for companies delivering solutions to environmental challenges. Manager Charlie Thomas and his team run a globally diversified portfolio of c 60 companies, invested across a wide variety of areas, broadly grouped into themes of resource efficiency, demographics and infrastructure. The growing maturity of the investment universe is leading to a larger number of companies paying attractive dividends, enabling JGC to enhance its own dividend policy, with a higher yield (now c 1.3%, from c 0.7%) and semi-annual payouts. As the highest-yielding, closed-ended 'green' equity fund, JGC could see greater demand for its shares, which could help to narrow the currently wider-than-average discount to NAV.

JGC's current 5.8% share price discount to cum-income NAV (at 13 March 2019) is wider than the average discounts over one, three and five years, which range from 4.4% to 5.5%. The discount widened from a 0.9% premium in October 2018 as JGC's share price fell amid market volatility, and has remained wider than the medium-term average as the NAV has outperformed the recovering share price. The introduction of a higher, semi-annual dividend may help boost demand for JGC's shares.

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