Jupiter Emerging and Frontier Income (JEFI) is a little over a year old and appears to have got off to a great start. During its short life to date it has delivered returns ahead of benchmark indices and competing investment companies. It has met the 4% dividend distribution target it set out in its prospectus and its shares have traded within a narrow range, close to its net asset value. The lead manager has demonstrated his commitment to the fund by increasing his personal holding in the trust to 705,000 shares.
This update note analyses the drivers of JEFI’s performance (see page 6), looks at some of the recent additions to and disposals from the portfolio (see page 4) and compares JEFI to its London-listed peer group (see page 8).
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.