Overview
Jupiter US Smaller Companies aims to achieve attractive long-term capital growth by investing in a diversified portfolio of quoted US smaller and medium-sized companies.
The manager takes a risk -averse approach to investment, emphasising capital preservation. The approach is long term and focuses on good quality companies whose share valuation reflects limited downside risk. Many companies are relatively immature, whether financially or operationally or in terms of management or market position. They tend to be highly geared to growth and are particularly vulnerable to market and other changes.
Jupiter US Smaller Companies has adopted a disciplined and relatively conservative investment style that focuses on companies with a strong franchise, free cash flow and insider ownership by management and whose shares are considered by the manager to be cheap at the time of investment.
Jupiter US Smaller Companies changed its name from F&C US Smaller Companies in April 2014.
Fundamentals
Price
Research History
-
01 May 2020 2 min read
QuotedData’s weekly roundup show 1 May 2020
James Carthew’s weekly news roundup show for Friday, 1 May, covers a wide range of topics and includes an interview with Magnus Spence, head of alternative investments at Jupiter Asset Management. Listen back here If there is a guest speaker you’d particularly like to hear from, please email us – research@quoteddata.com. Next week is VE […]
-
24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
-
12 Nov 2019 1 min read
QuotedData’s economic roundup – November 2019
Economic & Political Roundup
-
7 min read
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
-
18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
-
13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
-
18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
-
11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
-
25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
-
07 Mar 2018 2 min read
QuotedData releases 2018 Investment Companies Guide
QuotedData has released the 2018 edition of its highly-regarded Investment Companies Guide. Building on the success of last year’s publication and updated to reflect developments within the sector, the Guide harnesses QuotedData’s wide-ranging distribution capabilities to reach over 100,000 self-directed investors and their advisers. Two versions: In PDF 2018 Investment Companies Guide Final Version Or Accessed Via […]
-
18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
-
10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
-
19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
-
14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
-
10 Jul 2017 1 min read
Analyst Presentation Series – The QuotedData guide to quoted investment companies
Next event: Part 3 webinar/conference call Tuesday 5 September 2017 at 2pm QuotedData’s analysts are making a series of presentations based on our guide to investment companies. These are free, open to all and can be accessed either over the internet as a ‘webinar’ (see link below) or via a conference call (see below for dial-in details). To […]
-
10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
-
02 Nov 2016 1 min read
QuotedData’s guide to analysing and selecting quoted investment companies
The QuotedData independent guide to investment companies aims to help investors and financial advisers better understand investment companies and help them make better informed investment decisions. We hope that the guide will help clarify the jargon that appears in many of the communications from the investment world. It is designed to build investors’ knowledge, starting […]
-
13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
-
11 Dec 2020 2 min read
QuotedData’s weekly news show 11 December 2020
QuotedData’s weekly news show 11 December 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Keystone Jupiter US Smaller Companies RTW Venture Watch it again here We’ll be back on January 8th. This week’s […]
-
09 Dec 2020 6 min read
Jupiter US Smaller Companies appoints Brown Advisory as investment manager
The Board of Jupiter US Smaller Companies (JUS) has announced that it intends to appoint Brown Advisory as the Company’s investment manager. Brown Advisory will manage the Company using its US Small-Cap Growth Strategy, which invests primarily in the shares of small US companies possessing above-average growth potential. The appointment is subject to the satisfaction […]
-
23 Oct 2020 3 min read
QD view – US election, why worry?
Election day is edging closer in the US and the rhetoric is ramping up. We managed to catch up with Dean Orrico, the manager of Middlefield Canadian Income Fund (the subject of last week’s article) in the weekly interview and he reiterated his observation that Biden is likely to win the Presidential election. The more […]
-
20 Oct 2020 3 min read
Jupiter US beats benchmark but discount widens
Jupiter US beats benchmark but discount widens – Jupiter US Smaller Companies has published results for the year ended 30 June 2020. The company reports a 3.2% fall in NAV compared to a fall of 3.8% in the benchmark (sterling-adjusted Russell 2000 Total Return Index). The discount widened from 9.3% to 15.6% and the share price fell by […]
-
09 Oct 2020 2 min read
QuotedData’s weekly news show 09 October 2020
In QuotedData’s weekly news show 9 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Fundraising in the sector including success for Home REIT and disappointment for Tellworth Investment Company’s plans for the future Jupiter US […]
-
2 min read
Jupiter US Smaller companies Robert Siddles to Retire
Jupiter US Smaller Companies has announced that Robert Siddles (pictured), the fund manager of the Company since 2001, has, for family reasons, decided to retire with effect from April 2021. As a result of Robert’s retirement, JUS’s Board has said that it will review options for the future management of the trust and will make […]
-
1 min read
QuotedData’s morning briefing 9 October 2020
In QuotedData’s morning briefing 9 October 2020: Aquila European Renewables Income Fund has announced the results of its equity raise – €127.5m before expenses. the fund is issuing 122,902,772 ordinary shares at €1.0375 per share. This represents a premium of 5.2% to the company’s NAV as at 30 June 2020. JPMorgan Multi-Asset Trust (MATE) has […]
-
24 Mar 2020 1 min read
QuotedData’s morning briefing 24 March 2020
In QuotedData’s morning briefing 24 March 2020: UK goes into lock down, following a number of other European countries BlackRock Greater European will not hold a tender offer in May 2020, reasoning that the discount was under control ahead of the recent volatility Jupiter US Smaller Companies was beating its benchmark at 31 January 2020 […]
-
09 Oct 2019 3 min read
Jupiter US Smaller extends run of outperformance
Jupiter US Smaller extends run of outperformance – Jupiter US Smaller Companies reports that its NAV increased by 4.5% in the twelve months to 30 June 2019. This compares to a fall of 1.1% for the benchmark, the sterling adjusted Russell 2000 Index. Since Robert Siddles was appointed as fund manager on 1 January 2001, the […]
-
28 Sep 2018 4 min read
Jupiter US Smaller Companies benefits from adjusted investment approach
Jupiter US Smaller Companies benefits from adjusted investment approach – Jupiter US Smaller Companies (JUS) has released its annual financial report for the year ended 30 June 2018. Performance The company’s NAV per share increased by 21.1%, whereas the benchmark, the sterling adjusted Russell 2000 Index returned 14.2%. This outperformance came from the smallest stocks in the portfolio (those under $1 billion in market cap) […]
-
16 Mar 2018 1 min read
Investment Trust Insider on Jupiter US Smaller Companies
Investment Trust Insider on Jupiter US Smaller Companies James Carthew: Jupiter US wants more JUS from Siddles Half-year results for Jupiter US Smaller Companies (JUS) show the investment trust lagged its benchmark, the Russell 2000 index (adjusted to sterling), by 3.2% in the six months to 31 December 2017, extending a prolonged period of underperformance. […]
-
26 Feb 2018 1 min read
Investment Trust Insider on US trusts
James Carthew: where is a US growth trust when you want it? One of the strangest things about investment companies is how under-represented the US stock market is within the sector. Dedicated listed North American funds accounted for just 1.6% of the money in investment trusts and investment companies at the end of last year, […]
-
11 Oct 2017 4 min read
Jupiter US Smaller cuts fees
Jupiter US Smaller cuts fees – Jupiter US Smaller Companies has agreed to remove its existing performance fee arrangements. The base fee has also been reduced, with effect from 1 October 2017, from 0.80% of total assets per annum to a tiered fee amounting to 0.75% of adjusted net assets up to GBP150 million, reducing to 0.65% for […]
-
23 Sep 2016 2 min read
Bids help Jupiter US Smaller outperform
Jupiter US Smaller Companies has published results for the year ended 30 June 2016. The NAV per share increased by 8.7% to 787.3p in the twelve months to 30 June 2016. This compared to a gain of 8.1% in the benchmark, the sterling adjusted Russell 2000 Index. In dollar terms, the Russell 2000 Index of […]
-
29 Feb 2016 1 min read
Jupiter US Smaller Companies reports slight underperformance
Jupiter US Smaller Companies reports that its NAV per share fell 4.8% in the six month period to 31 December 2015, compared to a drop of 3.3% in the Company’s benchmark, the sterling-adjusted Russell 2000. The worst performing sector in the six month period was energy, falling 41% as oil prices collapsed once again, after […]
-
30 Sep 2015 2 min read
Lack of biotech hurts Jupiter US Smaller Companies
Jupiter US Smaller Companies underperformed its benchmark over the year to the end of June 2015 – generating an uplift in net assets of 5.5% against a 14.3% return on the Russell 2000 Index. The main reasons were the absence of biotechnology stocks in the portfolio and falls in the values of the fund’s investments in […]
-
25 Feb 2015 1 min read
Jupiter US Smaller let down by oil E&P exposure
Jupiter US Smaller Companies has announced interim results for the six months ended 31 December 2014. Over this period the fund underperformed its benchmark, the Russell 2000 index, by 6% – the NAV rose b y 4.7% vs. a 10.7% increase in the Index (in Sterling terms). The report says the main reason for this […]
-
15 Oct 2014 1 min read
Jupiter US Smaller let down by discount
JUS : Jupiter US Smaller let down by discount Jupiter US Smaller Companies has announced its results for the year that ended on 30 June 2014. The fund outperformed – generating a return on net assets of 11.0% vs. an 8.3% return on the Russell 2000 Index. The company’s rating deteriorated however (moving from a […]
-
27 Feb 2014 1 min read
F&C US Smaller Companies : FSC – half year report
F&C US Smaller Companies’ net asset value rose by 8.3% over the second half of 2013, marginally behind the increase in the Russell 2000 Index which rose by 9.0% (in sterling terms – in US$ terms it rose by 19.1% but the US dollar weakened against the pound during the period). FSC’s discount widened over […]
Upcoming Events
In The Press
-
07 Jan 2021 2 min read
Questions of Trust
QUESTIONS OF TRUST In: Portfolio Adviser, The Professionals’ Guide to Value Investing James Carthew, Director, QuotedData If you believe last November’s bounce in value stocks heralds the start of a renaissance for the strategy, who are the potential beneficiaries in the investment trust sector? Last year turned out to be a bumper one for all […]
-
19 Oct 2020 2 min read
Investment trust insider on Jupiter US Smaller Cos
Investment trust insider on Jupiter US Smaller Cos – James Carthew: Robert Siddles is hard act for JUS to replace The announcement last week of Robert Siddles’ plans to retire early next year as manager of Jupiter US Smaller Companies (JUS) took me by surprise. Siddles took on the investment trust in 2001 and has run […]
