Jupiter European

Concentrated continental European equity fund with a quality growth style.

  • 2610.46p
    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.

  • 2610.52p
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.78%
    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.

  • 0.00%
    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 23 January 2020, fund data last updated 31 October 2019

The fund aims to provide a return, net of fees, higher than that provided by the FTSE World Europe ex-UK Index over the long term (at least five years). The fund managers are active stock-pickers with a focus on company-specific characteristics, which means the fund’s concentrated portfolio of 35-45 stocks can be expected to look very different to the composition of its benchmark.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched August, 1987
Size £1m
Yield 0.00%
Charging basis Income
Dividends paid 31 Aug

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.78%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.45%
  • 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.

Mark Nichols / Mark Heslop

Nichols joined Jupiter in July 2019. He previously managed European equities portfolios at Columbia Threadneedle (2015-19) and F&C (2011-15). He joined F&C in June 2011 from Oechsle International Advisors, where he was a senior analyst. From 2003 to 2005 he was a member of the research team at Lehman Brothers. He began his career at Invesco in 2001. Nichols has a degree in Philosophy, Politics & Economics from the University of Oxford and a postgraduate degree in Contemporary History & Politics from the University of London. Heslop joined Jupiter in September 2019 as a European equity manager and smaller companies specialist. He was previously an equity fund manager at Colombia Threadneedle for 11 years where he managed a global smaller companies fund and a European smaller companies fund. Prior to this he spent nine years as a sell-side analyst with Citi from 1999. He began his career as an accountant and consultant at PricewaterhouseCoopers. He has a degree in chemistry from Durham University and is an Associate of the Institute of Chartered Accountants.

Track record

The track record of Mark Nichols / Mark Heslop in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -3.00% (October 2019 - October 2019)
Relative -2.00% (October 2019 - October 2019)

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

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Top 10 holdings

Data accurate as at 29 November 2019

7.3317% Relx Nv
7.0528% Amadeus It Group Sa
6.8738% Adidas Ag
5.9873% Novo-Nordisk As
5.2876% Dassault Systemes Sa
5.0859% Grifols Sa
4.8208% Experian Plc
4.7152% Deutsche Borse Ag
4.5978% Edenred
4.2569% Pernod-Ricard
Source: Trustnet

Sector breakdown

Health Care 23.00%
Consumer Goods 20.00%
Industrials 17.00%
Technology 12.00%
Financials 11.00%
Consumer Services 10.00%
Basic Materials 5.00%
Money Market 2.00%

Constraints

Max 5% UK stocks. VP 12.00.

Key Investor Information - Income

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Key Investor Information - Accumulation

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