Research_strapline

Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Jupiter Distribution

Elite Rated by FundCalibre

This fund, launched in 2002, has an approximate 70:30 ratio between holdings in fixed income and equities (maximum 35% in equities), with the allocation actively managed. The fund targets sustainable income and 40-45 stocks are generally held, with a focus on risk control and capital preservation.

Company Description

Founded in 1985, Jupiter Asset Management has grown from a specialist investment boutique to a global fund management company. It provides a range of products from bond and equity funds to multi-asset strategies for both retail and institutional clients.

Factsheet_jupiter_4_colour

Fund Manager

Alastair Gunn and Rhys Petheram have jointly managed this fund since July 2010. Alastair joined Jupiter in 2007 and his 30 years’ experience in equities stands him in good stead to manage the equity side of the fund. Rhys has 14 years’ fixed income management experience and is a CFA charterholder.

Factsheet_rhys_petheram_jupiter

We have real confidence that our integrated philosophy adds value and believe an actively managed – rather than passive – fund is where you want to be.

Rhys Petheram - Fund Manager

The Investment Process

The managers meet companies together to analyse whether the best investment opportunities lie in their equity or debt structure. UK investments must form a minimum 80% of the equity portion and investment grade bonds must take up a minimum 90% of the bonds portion. Alastair takes a 3-5 year view on equities and likes large, undervalued companies, particularly those with the benefit of significant barriers to competition. He isn’t keen on highly regulated companies and avoids those that don’t pay dividends. Rhys focuses on higher quality corporate bonds, as well as government bonds. He has a strong liking for companies actively reducing debt levels.

Risk

Historically, this fund is one of the most cautious within its sector. Risk management consists of diversification and investing to minimise the adverse impact of currency value changes. Rhys likes bonds that can quickly be turned into cash without affecting their price, such as government bonds. Cash is also retained to act swiftly on investment opportunities that may arise.

Our Opinion

We really like the fact that the managers attend company meetings together and decide not only whether or not to invest, but if the investment would be best made via the company’s equity or debt. While exercising caution and diversification, the fund has a record of consistently outperforming the sector average and is a strong contender for cautious investors.

  • Fund
  • Sector

©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.