Jupiter Financial Opportunities I

International equity fund specialising in banks, insurance and other financial companies.

  • 856.78p
    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.

  • 926.88p
    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).

  • 1.01%
    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.

  • 0.70%
    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 January 2022, we don’t currently provide commentary on this fund.

The fund targets long term capital growth through investment globally in banks, insurance and other financial companies. The manager takes a macro view of the world economy, identifying investment themes and then finding stocks positioned to benefit from them. Though this is primarily an equity fund, the manager may also use cash and derivatives as defensive measures. Due to their nature, specialist funds can be subject to specific sector risks. Investors should ensure they read all relevant information in order to understand the nature of such investments and the specific risks involved.

Fund summary

Sector Financials and Financial Innovation
Structure UNIT TRUST
Launched September, 2011
Size £618m
Yield 0.70%
Charging basis Income
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.01%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 17/18 -0.29%
  • 18/19 0.33%
  • 19/20 0.31%
  • 20/21 2.58%
  • 21/22 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.44%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 99.40%

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

Guy de Blonay

De Blonay joined Jupiter in May 2010 and is a member of the Financials team. Previously, he worked at New Star/Henderson for eight years, managing the Global Financials fund, the Financial Opportunities Investment Trust and a financials hedge fund. Prior to this, he worked from 1995-2001 as an analyst at Jupiter, serving as co-manager of the Jupiter Ecology fund. De Blonay studied Law at the University of Geneva and Philosophy at the Institut Florimont.

Track record

Guy De Blonay has 18.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.44%. During the worst period of relative performance (from February 2009 - December 2016) there was a decline of 35% relative to the index. The worst absolute loss has been 51%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -51.00% (October 2007 - February 2009)
Relative -35.00% (February 2009 - December 2016)

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 30 November 2021

5.7506% Signature Bank
4.7752% Blackstone Group Lp
4.7163% Nordea Bank Ab
4.2166% Svb Financial
3.8268% Jpmorgan Chase & Co
3.8068% Goldman Sachs Group Inc
3.7418% Bank Of America Corp
3.7415% Bawag Group Ag
3.5545% Coinbase Global Inc
3.0164% Morgan Stanley
Source: Trustnet

Sector breakdown

Banks 41.00%
Banks 25.00%
Industrials 16.00%
Financial Services 8.00%
Software 6.00%
Real Estate 2.00%
Others 2.00%
Mutual Funds 1.00%

Portfolio

Around 50 stocks. Cash and derivatives may be used to protect the portfolio.

Constraints

There are no formal risk controls.

Key Investor Information - Income

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Key Investor Information - Accumulation

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