Jupiter Green Investment Trust : JGC – annual results

Jupiter Green Investment Trust has published its results for the year that ended 31 March 2014. Over that period the fund outperformed the MSCI World Small cap. Index – the net asset value was up 16.5% compared to a 10.7% rise in the index. Shareholders also benefited from a narrowing of the fund’s discount (the fund has a zero discount target) and so received a 22.3% return for the year. The discount at the end of the period was 2.2%. The dividend slipped slightly from 1.2p to 1.1p (the fund targets capital growth rather than income). The manager’s report cites good performance from holdings in Wacker Chemie (solar power), Vestas Wind Systems, WS Atkins, Stantec, organic food holdings – Cranswick and United Natural Foods, Johnson Matthey (catalytic converters), BorgWarner (turbo chargers), Suez Environnement, Veolia Environnement and Shanks Group. These more than offset disappointments from stocks such as Itron (smart meters), Regal Beloit (electric motors) and Andritz (hydro and biofuels).

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