Source - RNS
RNS Number : 4825O
Jupiter US Smaller Companies PLC
17 May 2018
 

 

London, UK, 17 May 2018

Edison issues review on Jupiter US Smaller Companies (JUSC)

Jupiter US Smaller Companies (JUSC) aims to generate long-term capital growth from a focused portfolio of mid- and small-cap US equities. Since 2001, the trust has been managed by Robert Siddles. Following the announcement of adjustments to JUS's investment process - running a more concentrated portfolio, a greater focus on selling underperforming holdings, while holding on to successful positions for longer - the trust has enjoyed an improvement in investment performance. It has delivered above market results in periods of both positive and negative stock market returns, illustrating its commitment to capital preservation. The board has also reduced JUS's management fees, removed the performance fee and introduced the trust's first gearing facility.

 

JUS's current 8.0% share price discount to cum-income NAV is narrower than the

averages of the last one and three years of 9.0% and 10.3% respectively, but wider

than the 7.2% and 6.7% averages of the last five and 10 years. The board actively

repurchases shares, aiming to ensure that the discount does not exceed 8% (in

normal market conditions). There is scope for the discount to narrow if the manager

continues to build on his improved recent investment performance.

 

Click here to view the full report.

 

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44 (0)20 3681 2519

[email protected]

 

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This information is provided by RNS
The company news service from the London Stock Exchange
 
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