20th Oct 2020 18:12
Jupiter US Smaller Companies Inc - investment trust - Net asset value as at June 30, was 1,116.35 pence per share, down 3.2% from 1,152.66p the same date the year before.
Shares price at the end of June was 942.00p, reflecting a 16% discount to net asset value.
The 3.2% fall in net asset value still reflected an outperformance against the sterling adjusted Russell 2000 Index, which fell by 3.8%.
"Although we outperformed the benchmark the performance in absolute terms was disappointing as our conservative value style approach fell out of favour over the past year as investors preferred to chase after large cap growth companies, particularly in the technology sector," said Chair Gordon Grender.
Current stock price: 1,020.00 pence
Year-to-date change: down 10%
By Dayo Laniyan; [email protected]
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