Face to face with Mark Heslop, co-manager of Jupiter European
The process behind the Jupiter European fund is refreshingly simple, with a concentrated portfoli...
26 July 2018 marks six years since Mario Draghi, president of the European Central Bank (ECB), made a promise to “do whatever it takes”. In the midst of the European sovereign debt crisis, he made a pact to preserve the euro and thereby keep the eurozone intact.
Investors who trusted him to be true to his word have been rewarded: the MSCI Europe ex UK is up 111.19%* since the speech, compared with returns of just 79.64%* from the FTSE All Share.
Draghi is now ‘undoing’ it and has started to taper his bond-buying programme: the current €30bn of assets bought each month will halve to €15bn in September and end completely by December.
So what does the future hold? Darius McDermott, managing director of FundCalibre looks at the pros and cons:
The best performing Elite Rated European equity fund over the six-year period is T. Rowe Price European Smaller Companies Equity, which returned 205.58%*. The fund is actually pan-European and invests around 30% in the UK. It is currently overweight in the technology, consumer discretionary and healthcare sectors.
Position | Fund | Percentage returns(%)* |
1 | T. Rowe Price European Smaller Companies Equity | 205.58 |
2 | Baring Europe Select | 193.68 |
3 | Jupiter European Opportunities | 186.75 |
4 | Marlborough European Multi-Cap | 186.28 |
5 | Jupiter European | 183.20 |
6 | BlackRock European Dynamic | 160.97 |
*Source: FE Analytics, total returns in sterling, 26 July 2012 to 18 July 2018