Bestinvest says
Jupiter's fund of funds team have proven themselves to be one of the best in the industry over a long period of time. The team have been together for over a decade and have proven astute judges of the economic environment during that time, participating in rising markets but perhaps more importantly providing some protection for investors' capital during times of trouble.
The fund's objective is to achieve a high and rising income with some potential for capital growth by investing predominantly in unit trusts, OEICs, Exchange Traded Funds and other collective investment schemes across several management groups. The underlying funds invest mainly in equities and fixed interest stocks, although there is likely to be some exposure to commodities and property with a bias to the UK.
The manager and his two experienced analysts determine their view on the direction of the economy and markets, which is then reflected within the managers they chooses for the fund. Chatfeild-Roberts subscribes to the view that the majority of added value from fund of fund products comes from having a view as to “what will happen next”. Historically he has moved aggressively into cash during adverse market conditions.
Fund selection includes both quantitative and qualitative analysis, with around 100 fund manager meetings taking place each year. Funds are selected for the portfolio on a majority team basis.