Rights and Issues Investment Trust PLC
Overview
Please bear in mind that all investments involve risk and the value of, and any potential income from, your investment may fluctuate and are not guaranteed.
Jupiter will be appointed as the Company’s investment manager with effect from 3rd October 2022, with Dan Nickols appointed as lead manager, supported by Matt Cable. Dan and Matt are highly experienced investment managers within Jupiter’s UK Small and Mid-Cap Equity team.
This appointment will not result in a change to the investment objective or investment policy of the Company and does not require shareholder approval.
- UK small and mid-cap equity expertise – Jupiter’s Small and Mid-Cap Equity team comprises ten investment professionals and manages c.£4bn for clients as at 31st August, 2022.
- Dan Nickols has a long-term investment track record having managed the Jupiter UK Smaller Companies Fund since 1st January 2004.
- Continuity of investment style:
- an approach which seeks both capital appreciation as well as generating sufficient income to maintain the existing dividend policy of the Company
- a plan to retain a significant proportion of the existing holdings and to maintain the Company’s policy of having a low level of investment turnover. This will ensure that the level of transaction costs continues to be low
- As part of the new arrangements, the Company will pay Jupiter a combined fee in respect of its services as AIFM and investment manager which, together with the operating expenses of the Company, will not exceed 0.80% per annum of net assets. This cap will remain in place for five years from the date Jupiter is appointed.
Investment objective & policy
The Company invests in equities with an emphasis on smaller companies. UK smaller companies will normally constitute at least 80% of the investment portfolio. UK smaller companies include both listed securities and those quoted on the Alternative Investment Market (“AIM”).
The investment portfolio will normally lie in the range of 80% to 100% of shareholders’ funds. The Company will continue with its policy of not employing leverage.
In January 2021 the Board reviewed the performance of the Company in the context of the investment objective, the investment policy and the continuation of the Company. The Directors unanimously supported the continuation for a minimum period of five years to 2026.
Top down and bottom-up process
Their stock selection process is embedded in fundamental bottom-up research of companies, utilizing their own primary and third-party investment bank research to understand and assess the prospects for companies.
They are focussed on investing in companies which are operated by high quality management teams with strong track-records of execution, and which are fundamentally mispriced.
The principal risks are as follows:
- Market risk – the portfolio will be invested predominantly in listed equities and therefore will be exposed to a range of market risks including economic conditions, market disruptions, accuracy of company information, global health crises, competition and volatility
- Idiosyncratic risk – the portfolio will be concentrated and therefore will be exposed to the idiosyncratic risks of each underlying investment
- The portfolio will be exposed to liquidity risk given the focus on smaller companies.
- The portfolio will be exposed to interest rate risk both as a consequence of any financial leverage within the underlying investments and as a consequence of the impact of interest rates on the market valuation of companies.
- Currency exposure – The portfolio may invest in companies whose revenues, profits and / or balance sheets may have exposure to foreign currencies.
- New issues – The AIFM on behalf of the Company may invest in new issues which can pose additional risks related to transient illiquidity, lack of trading history and concentration of ownership.
- Corporate management and financial reporting risk – The AIFM relies on financial information made available by the companies in which it invests. This information may not be independently verified by the AIFM. Corporate mismanagement, fraud and accounting irregularities relating to the underlying investments may result in material losses.
Key literature
Performance report
Announcements
3rd party sources info
Third party sources of information on the Company
Research:
Investment Trust Intelligence – Investment Research
Data:
JUPITER GREEN INVESTMENT TRUST PLC JGC Stock | London Stock Exchange
FE investegate – Recent Regulatory News Announcements to the London Stock Exchange for Jupiter Green Investment Trust PLC
The Association of Investment Companies
Morningstar – Investment Trusts – Prices, Performance, Education, Research.
How to buy:
Hargreaves Lansdown – Pricing and analysis for Jupiter Green Investment Trust PLC
Interactive Investor – Comment and analysis
These links are provided for your convenience and Jupiter accepts no responsibility for the content of such websites.
Meet the team
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Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.
We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice.
Investment trust companies are traded on the London stock exchange, therefore the ability to buy or sell shares will be dependent on their market price, which may be at a premium or discount to their net asset value.
Before making an investment decision, please read the PRIIPS Key Information Document which is available from Jupiter on request and at www.jupiteram.com.
Past performance is no guide to the future.
Company examples are for illustrative purposes only and are not a recommendation to buy or sell.
The Company currently conducts its affairs so that its shares can be recommended by Financial Advisers to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream pooled investment products and intends to continue to do so for the foreseeable future. The Company’s shares are excluded from the FCA’s restrictions which apply to non-mainstream pooled investment products because they are shares in an investment trust.
This website provides links to third party websites over which Jupiter has no control. These links are provided for your convenience and Jupiter accepts no responsibility for the content of such websites.
Security Alerts
RIGHTS AND ISSUES INVESTMENT TRUST PUBLIC LIMITED COMPANY
Jupiter Unit Trust Managers Limited (122488) is the investment manager and AIFM for the Rights And Issues Investment Trust PLC and we have been made aware of a scam website (https://rightsandissuestrustplc.com).
The website has been set up claiming to be associated with the genuine Rights and Issues Investment Trust PLC. To add legitimacy to this scam, the website displays the correct Companies House reference number (00736898) and the correct registered office address (Hamilton Centre Rodney Way, Chelmsford, CM1 1BY) for the Rights and Issues Investment Trust PLC . However, the telephone number and contact email details on the scam website are incorrect. The legitimate webpage for the Rights and Issues Investment Trust PLC is www.jupiteram.com/uk/en/individual/rights-and-issues-investment-trust-plc/.
If you believe you have been contacted by individuals affiliated with this website, please contact Jupiter directly using the details provided on this webpage.