Jupiter Emerging European Opportunities I

  • 280.17p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.16%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 3.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 September 2021, fund data last updated 30 May 2014

This fund has a Central and Eastern European equity mandate and is targeting long-term capital growth. Stock selection is fundamentally driven although the manager will also consider the macro-economic environment. The fund is unconstrained by benchmark weightings and the manager is prepared to take aggressive bets on stocks, sectors and countries. The fund has traditionally maintained a large Russian exposure in common with the benchmark.

Fund summary

Sector Specialist
Structure UNIT TRUST
Launched
Size £83m
Yield 3.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.16%

Allocation

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Investment process

This fund aims to achieve long-term capital growth by investing primarily in companies which operate or reside in Central or Eastern Europe including Russia, the Baltic States, former USSR states and Turkey. In extreme situations the manager may take positions in Emerging Europe debt to mitigate capital losses. The stock selection process emphasises companies with proven business models, healthy and sustainable financial status and dedicated management, that are likely to outperform the market throughout the business cycle. The manager does not usually invest in IPOs. Portfolio construction also incorporates a macro-economic and sector view. Langridge has been reviewing the fund’s existing process and will take a longer term view on the underlying stocks, aiming to reduce the portfolio turnover. In addition, she has reduced the fund’s illiquid stock positions and the portfolio will be tilted towards larger and medium sized companies going forward.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

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Allocation

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Sector breakdown

Energy 34.00%
Financials 27.00%
Basic Materials 15.00%
Consumer Staples 5.00%
Consumer Discretionary 4.00%
Technology 4.00%
Money Market 4.00%
Telecommunications 2.00%
Utilities 2.00%
Health Care 2.00%

Portfolio

Approximately 30-40 holdings. Although the fund can technically invest in 25 countries Russia, Poland, Hungary, Turkey and the Czech Republic have tended to account for the bulk of the fund’s exposure.

Key Investor Information

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