UPDATE: On 18 September 2026, JUGI said it planned to combine with Aberdeen UK Smaller Companies Growth (AUSC), which had a market cap of around £215m at the time. The deal is expected to complete around the end of 2026, with AUSC shareholders being offered a cash exit at a 2% discount for up to 35% of its shares. JUGI plans to cut the management fee on the first £200m of its net assets from 0.65% to 0.6% upon completion. JUGI's NAV returns were 28.4% for the year ended July 2024 and 0.6% for 2025, versus benchmark returns of 13.2% and 2.5%. For the six months to January 2026, it returned 5.3%...
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Our latest Q and A for premium subscribers is with Georgina Brittain, the manager of two J.P.Morgan investment trusts, one dedicated to UK smaller companies, the other to UK midcap stocks. She is one of the longest serving and most prominent female fund managers in the sector. While the number of women directors on trust boards has notably increased in recent years, it remains anomalous that there are still very few women in senior fund management positions, something that is set to change slowly as time goes by.
The Q and A recording is here.
In it Georgina goes over the now familiar argume...
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