Results analysis from Kepler Trust Intelligence

RNS Number : 0838W

Jupiter Green Investment Trust Plc

17 December 2021

 

Jupiter Green Investment Trust (JGC)

17/12/2021

Results analysis from Kepler Trust Intelligence

Jupiter Green Investment Trust (JGC) has reported its half year results, for the year ending 30 September 2021. Over the period JGCI has generated a NAV total return of 4.6% and a share price return of -2.7%, compared to the benchmark (MSCI World Small Cap) return of 6.7%

A general trend during this period was a slump in the share price of some exciting innovative stocks, largely due to profit-taking or a change in market sentiment as underlying business performance remained broadly robust and reflective of their strong long- term potential.

The company's share price traded at a premium to net assets from April to June and at a discount to net assets in the period from July to September. The Board issued shares amounting to £3m during the period and bought back shares amounting to £0.2m in July in order to limit the extent of the discount.

Kepler View

In September 2020, Jupiter Green (JGC) shifted its investment focus towards targeting smaller and more innovative companies able to best capture what the Chairman of JGC refers to in the interims as the "rich hunting ground for investors in environmental solutions".

Jon invests across themes that reflect his view of the most attractive opportunities, and include the circular economy, clean energy, water and sustainable agriculture, nutrition and health. By investing in companies below the radar of most investors, JGC offers a clearly differentiated proposition.

JGC's current discount to NAV of 4.3% is in line with the average of the past five years. Enthusiasm for the new mandate and sustainability-themed funds has seen the discount narrow at times and periodically trading at a premium. Share issuance has allowed the trust to grow, which is encouraging, reducing costs and making the shares more liquid. We think JGC could appeal to all sorts of investors in that it provides a differentiated exposure to a high conviction portfolio of innovative and high-growth companies, which together are helping the transformation of the global economy to a more sustainable footing.

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