15th Oct 2014 10:05
LONDON (Alliance News) - Jupiter US Smaller Companies PLC Wednesday said its net asset value per share rose by 11.0% to 686.3 pence in the twelve months to the end of June, outperforming its benchmark which made a gain of 8.3%.
The benchmark is the sterling adjusted Russell 2000 Index. Jupiter US Smaller Companies had GBP165.0 million of net net assets at the end of June, compared with GBP148.0 million a year earlier.
"The US smaller company sector is an attractive and interesting one for investors. It is generally under-researched and so can offer patient investors reasonable long term returns. Shareholders should benefit from the company's conservative investment approach that focuses on buying good companies when their shares are out of favour," Chairman Gordon Grender said in a statement.
Jupiter US Smaller Companies shares were Wednesday quoted down 0.1% at 614.44p.
By Samuel Agini; [email protected]; @samuelagini
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