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Edison reviews Jupiter Green Investment Trst (JGC)

14 Mar 2019 15:26

RNS Number : 9319S
Jupiter Green Investment Trust Plc
14 March 2019
 

 

London, UK, 14 March 2019

Edison issues review on Jupiter Green Investment Trust (JGC)

Jupiter Green Investment Trust (JGC) is continuing to benefit from the greater public interest in green issues, which is driving demand growth for companies delivering solutions to environmental challenges. Manager Charlie Thomas and his team run a globally diversified portfolio of c 60 companies, invested across a wide variety of areas, broadly grouped into themes of resource efficiency, demographics and infrastructure. The growing maturity of the investment universe is leading to a larger number of companies paying attractive dividends, enabling JGC to enhance its own dividend policy, with a higher yield (now c 1.3%, from c 0.7%) and semi-annual payouts. As the highest-yielding, closed-ended 'green' equity fund, JGC could see greater demand for its shares, which could help to narrow the currently wider-than-average discount to NAV.

 

JGC's current 5.8% share price discount to cum-income NAV (at 13 March 2019) is wider than the average discounts over one, three and five years, which range from 4.4% to 5.5%. The discount widened from a 0.9% premium in October 2018 as JGC's share price fell amid market volatility, and has remained wider than the medium-term average as the NAV has outperformed the recovering share price. The introduction of a higher, semi-annual dividend may help boost demand for JGC's shares.

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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:

Sarah Godfrey, +44 (0)20 3681 2519

Mel Jenner, +44 (0)20 3077 5720

investmenttrusts@edisongroup.com

 

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