Jupiter US Smaller Companies PLC Edison reviews Jupiter US Smaller Companies (JUSC)
2018年5月18日 - 12:04AM
RNSニュース (英語)
TIDMJUS
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.
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