High-conviction investment in UK equities

Jupiter UK Growth Investment Trust (JUKG) aims to generate long-term capital growth from a concentrated portfolio of predominantly UK equities. Manager Steve Davies runs the portfolio with the same contrarian, high-conviction approach as the much larger, well-established Jupiter UK Growth unit trust. He is “genuinely excited” about JUKG’s current portfolio, which he believes gives him the opportunity to make good the relative underperformance versus the FTSE All-Share benchmark following the Brexit vote. Davies is unconstrained by the benchmark; he currently has zero weightings in the oil & gas and utilities sectors.