Overview
Jupiter UK Growth Investment Trust : JUKG (formerly Jupiter Global Trust and, before that, Jupiter Primadona Growth) is an investment company which concentrates on capital appreciation from holding predominantly listed investments.
The fund’s website can be found here.
The Company is benchmarked against the FTSE All Share Index.
Research History
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12 Nov 2020 5 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz 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 […]
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01 May 2020 1 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 – [email protected]. Next week is VE […]
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17 Apr 2020 8 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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24 Jan 2020 20 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 […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 4 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup 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 […]
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12 Oct 2018 1 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 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 […]
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1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 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 September Trian Investors 1 is a new fund that will adopt […]
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
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 September 2016. october-investment-companies-roundup
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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
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19 Feb 2021 4 min read
Jupiter UK Growth publishes reconstruction and wind up proposals
Jupiter UK Growth (JUKG) has issued a circular detailing its reconstruction and wind up proposals. This follows on from JUKG’s previous announcements in January that terms had been agreed with Brown Advisory Funds Plc for a rollover into the Sterling Class B Distribution Shares in Brown Advisory Global Leaders Fund, or, alternatively, shareholders could opt […]
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21 Jan 2021 1 min read
QuotedData’s morning briefing 21 January 2021
In QuotedData’s morning briefing 21 January 2021: Schroder BSC Social impact says it has committed over 80% and invested over 55% of the net proceeds of its IPO. Most of the money went into buying seven investments that were listed in the prospectus. It has also bought £2.5m of bonds issued by Triodos Bank. Triodos lends to […]
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11 Dec 2020 3 min read
QD view – UK clear-out heralds better times
QD view – UK clear-out heralds better times The AIC’s UK All Companies sector is set to shrink as shareholders in Jupiter UK Growth choose between cash or a rollover into an open-ended fund, Invesco Perpetual Select UK Equity moves to the UK equity income sector following its planned merger with Invesco Income Growth and […]
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03 Dec 2020 2 min read
QuotedData’s morning briefing 3 December 2020
In QuotedData’s morning briefing 3 December 2020: Jupiter UK Growth’s board has agreed in principle to a voluntary winding up of the company and the offer of cash or a rollover into an open-ended UCITS fund, the Brown Advisory Global Leaders Fund. The rollover fund’s investment objective is to achieve capital appreciation by investing primarily in […]
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15 Oct 2020 5 min read
Jupiter UK Growth results make grim reading
Jupiter UK Growth has issued its Annual Report & Accounts for the year ended 30 June 2020. This goes into more of the reasoning behind the board’s decision to recommend the liquidation of the trust. There is a final dividend of 5p, down from 8.5p, reflective of income earned. The chairman opens with “The net asset value […]
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02 Oct 2020 1 min read
QuotedData’s weekly news show 2 October 2020
QuotedData’s weekly news show 2 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: Jupiter UK Growth’s decision to give up Strategic Equity Capital’s new manager He then handed over to Andrew McHattie, who talked […]
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29 Sep 2020 1 min read
Jupiter UK Growth gives up
Jupiter UK Growth gives up – In a surprise move, the board of Jupiter UK Growth has released the following statement: “The market capitalisation of the company remains very low and is currently approximately £26m which falls well below the minimum size generally considered investable by wealth managers and other prospective investors. The company is […]
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30 Mar 2020 2 min read
QuotedData’s morning briefing 30 March 2020
EasyJet has grounded its entire fleet on a morning that has also seen the price of crude oil fall below $20 (an 18-year low). Jupiter UK Growth (JUKG) reported interim results to 31 December 2019, with the total return NAV increasing by 7.8%. The focus is of course on covid-19. Chairman, Tom Bartlam, said: “In […]
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18 Feb 2020 3 min read
Jupiter UK Growth announces Merian’s Richard Buxton as lead manager
Jupiter UK Growth (JUKG) has announced that an agreement has been reached with Richard Buxton to take the reins as lead manager of the trust. Richard will be supported by Errol Francis and Ed Meier, who the company notes have worked with Richard over many years. We wrote on JUKG’s poor performance last October (click here […]
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07 Oct 2019 3 min read
Something has to change at Jupiter UK Growth
Something has to change at Jupiter UK Growth – During the twelve months to 30 June 2019 the total return on the net asset value of the company’s shares was -11.9% and, as the discount widened, the share price return was -15.4%. This compares with the total return on the company’s benchmark, the All-Share Index, of […]
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24 Sep 2018 2 min read
Jupiter UK Growth’s domestic bias holds back performance
Jupiter UK Growth’s domestic bias holds back performance – In its annual report for the period to 30 June 2018, Jupiter UK Growth Investment Trust (JUKG), the company reported a rise in its NAV per share (total return) of 4.0%. The company’s reference index, the FTSE All Share index returned 9.0% on the same basis. Performance A number of holdings were subject […]
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26 Feb 2015 1 min read
Jupiter Primadona interims
Jupiter Primadona Growth is reporting a 1.4% increase in its NAV for the second half of 2014 and a 2.8% total return (including dividends) – ahead of the return on the FTSE All-Share Index which fell by 0.4% but well behind the FTSE World ex UK Index which rose by 8.6% – their benchmark, a combination […]
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11 Oct 2014 1 min read
Jupiter Primadona discount narrowing offsets underperformance
JPG : Jupiter Primadona discount narrowing offsets underperformance Jupiter Primadona Growth has published its results for the year that ended on 30 June 2014. Over the year it generated a return on net assets of 9.7%, underperforming its benchmark, but shareholders did much better than that as the rating on the fund improved significantly, eliminating the […]
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28 Feb 2014 1 min read
Jupiter Primadona : JPG – interim report
Jupiter Primadona’s interims covering the six months ended 31 December 2013 reveal that its net asset value rose by 10.3%, outperforming the FTSE All-Share which rose by 9.7%. The shares rose by 16.4% as the discount narrowed to less than 3% (shareholders will hope that the discount stays narrow following JPG’s earlier announcement). The manager’s […]
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27 Feb 2014 1 min read
Jupiter Primadona Growth : JPG – discount control
Jupiter Primadona Growth has announced that “it will use share buy backs and new issues of shares with the intention of ensuring that, in normal market conditions, the market price of the Company’s shares will track their underlying net asset value”. The effect of this should be that JPG’s discount will be eliminated and its Board […]
Upcoming Events
In The Press
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25 Aug 2020 1 min read
Surviving the investment trust shake-up
Surviving the investment trust shake-up By Dave Baxter Investors Chronicle, 7 Aug 2020 A ‘Darwinian’ process of corporate action and shareholder scrutiny has long prevented the UK’s investment trust universe from getting bloated. The sector consisted of just 395 closed-ended funds at the end of June, according to Association of Investment Companies (AIC) data. By contrast, UK […]
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21 Feb 2020 1 min read
Buxton named lead manager of Jupiter UK Growth trust
Buxton named lead manager of Jupiter UK Growth trust Replaces Steve Davies David Brenchley, Investment Week, 18 February 2020 Richard Buxton has been named as new lead manager of the Jupiter UK Growth investment trust, replacing under-fire Steve Davies. Buxton will be assisted on the £47.5m offering by Errol Francis and Ed Meier, who both […]
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17 Dec 2019 1 min read
Investment trust insider on UK equity trusts
Investment trust insider on UK equity trusts – James Carthew: UK trust laggards should merge not seek new fund managers UK investment trusts of all types are enjoying a post-election rally, particularly those with the highest perceived exposure to domestically-focused companies. I am kicking myself for not having bought Aberforth Split Level Trust (ASIT), one of […]
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15 Oct 2019 2 min read
Investment trust insider on changing managers
Investment trust insider on changing managers – James Carthew: when fund managers just have to go Over the past few weeks, we have seen a rush of boards removing or threatening to remove fund managers. I have said many times in the past that this is one of the great strengths of the investment trust model. […]