Update from QuotedData

Rights and Issues Inv. Trust PLC

22 August 2024

 

Rights and Issues Investment Trust - Update from QuotedData

22^nd August 2024

Lights and tunnels

After a challenging year in 2023, the outlook for the Rights and Issues Investment Trust (RIII) appears much brighter now, as economic conditions improve, and the portfolio takes shape under the management of Jupiter's UK Small and Midcap (SMID) investment team. This positivity is reflected in the recent performance of the trust, which is up 33% over the past 12 months thanks to strong growth across the portfolio, the expectation of falling interest rates, and refreshed optimism around the UK's political stability.

Against this backdrop, the retirement of co-manager Dan Nickols was announced. At the beginning of July, co-manager Matt Cable took on a lead manager role, supported by Tim Service (head of Jupiter's SMID team). The decision was made with continuity front and centre and reflects the more stable environment that the trust now finds itself in, having successfully navigated the challenges of the past few years. Reflecting the return to form, RIII investors should be increasingly optimistic about the trajectory of the fund going forward.

Full Research:

https://quoteddata.com/research/rights-and-issues-investment-trust-lights-and-tunnels-qd/

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NB: Marten & Co was paid to produce this note on Rights and Issues Investment Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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