RCS - Jupiter Green InvTst - Results analysis from Kepler Trust Intelligence

JGC HoldingsAnnouncement

17/12/2021 15:10

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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.

CLICK HERE TO READ THE FULL REPORT
(https://www.trustintelligence.co.uk/investor/articles/news-investor-results-analysis-jupiter-green-retail-dec-2021)

 

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