Results analysis from Kepler Trust Intelligence

RNS Number : 8535I

Jupiter Green Investment Trust Plc

16 December 2020

 

Jupiter Green (JGC)

16/12/2020

Results analysis from Kepler Trust Intelligence

Yesterday Jupiter Green (JGC) released their interim results for six months ending 30 September 2020.   Over the reporting period, the undiluted NAV per share rose by 27.6%. Adding back the dividend paid of 1.3p, this gives a return of 28.4% in comparison to a 27.7% gain from the benchmark the MSCI World Small Cap Index.

Looking forward the team at JGC continue to believe that climate change remains one of the most pressing long term challenges facing the world. The Chairman stated that climate change "is a long-term problem that will need long-term solutions, which is why we feel that environmental and sustainable themes can present multi-year, indeed even multi-decade, opportunities". The team at JGC will be looking to take advantage of these opportunities, particularly in the current ongoing market turmoil.

Kepler View

In September the board of JGC announced a shift in strategy and we have seen a number of changes to the portfolio. As we discuss in greater detail, here, the trust now has significantly greater exposure to smaller and more innovative companies, whilst the larger 'established leaders' have been reduced relative to their historic weighting.

According to Charlie "Climate change and Covid-19 are both systemic risks that must be faced collectively. The pandemic has brought into focus the acute nature of such risks and presented an opportunity to redirect financial and political capital towards solving them, and as a means of reinvigorating economic growth".

The changes to the strategy and portfolio mean that the team are ready to take advantage of this. The manager believes that portfolio companies currently present multi-decade investment opportunities, and JGC will continue to offer focused and specialist exposure to them. JGC currently trades on a premium of 2.5%. 

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