Jupiter Emerging and Frontier Income (JEFI) is a little over a year old. During its short life to date it has delivered returns ahead of its benchmark and peer group. It has met the 4% distribution target it set out in its prospectus and its shares have traded within a narrow range, close to asset value. The lead manager has demonstrated his commitment to the fund by increasing his personal holding in the trust to 705,000 shares.
JEFI is already a reasonable size for a relatively new trust but we believe it deserves to be bigger.
Our update note analyses the drivers of its performance (see page 6), looks at some of the recent additions to and disposals from the portfolio (see page 3) and compares JEFI to its London-listed peer group (see page 7).
Long-term capital and income growth
JEFI aims to generate capital growth and income, over the long term, through investment predominantly in companies exposed directly or indirectly to emerging markets and frontier markets worldwide.