Jupiter Emerging & Frontier Income Trust PLC
JEFI.L
London Stock Exchange- -
GBp
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ross Teverson CFA
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- The Zig Zag Building London United Kingdom SW1E 6SQ
- IPO Date
- May 15, 2017
- Website
- jupiteram.com
- Similar Companies
- Business
- Jupiter Emerging & Frontier Income Trust PLC (JEFI.L) is a United Kingdom-domiciled closed-ended investment trust focused on achieving long-term capital growth and income through investments predominantly in equities exposed directly or indirectly to emerging and frontier markets worldwide. The trust, incorporated on 4 April 2017 and originally headquartered in London with a registered office at The Zig Zag Building, 70 Victoria Street, invests at least 70% of its total assets in companies with registered offices or principal places of business in emerging or frontier markets, or those exercising a material part of their economic activities there; it targets undervalued stocks offering strong capital growth prospects, primarily value-oriented mid-cap and small-cap equities across diversified sectors, with a benchmark of the MSCI Emerging Markets Index. Managed by Jupiter Asset Management Limited as investment adviser and Jupiter Unit Trust Managers Limited as alternative investment fund manager, the trust aims to deliver an annualized yield of 4% based on its launch price and historically offered shareholders an annual redemption facility at close to net asset value, targeting institutional and retail investors seeking exposure to high-growth regions outside developed markets including Asia, Latin America, Africa, and frontier economies. In a significant operational change, the board initiated a members' voluntary liquidation process in June 2022, appointing liquidators and relocating the registered office to c/o FRP Advisory, Kings Orchard, 1 Queen Street, Bristol BS2 0HQ, following director resignations in June 2022 and the departure of fund manager Ross Teverson from Jupiter earlier that year; this restructuring addressed persistent outflows, a widening discount, and challenges in achieving scale amid underperformance relative to peers in certain periods, with liquidation proceedings ongoing as of mid-2024 including liquidators' statements of receipts and payments. No recent partnerships, acquisitions, funding rounds, or new product launches are associated with the trust post-2022, reflecting its wind-down phase within the broader Jupiter Asset Management emerging markets franchise, which saw a separate proposed acquisition of Origin's team and assets in October 2024.