Jupiter Financial Opportunities I

  • 869.11p
    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.

  • 933.38p
    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.

  • 0.10%
    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 19 January 2021

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 Specialist
Structure UNIT TRUST
Launched
Size £574m
Yield 0.10%
Charging basis Income
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.01%

Allocation

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Investment process

The fund manager uses a combined top-down and bottom-up investment approach to select a relatively concentrated portfolio of banks, insurance and other financial companies from around the world. Ideas are generated from a variety of sources, including Jupiter analysts and managers, company meetings, stockbrokers, the media and conferences. The manager also takes a macro view of the economy, identifying themes such as the growth of emerging economies and looking for companies that can capitalise on them. He then undertakes quantitative screening to reduce his investment universe, before carrying out qualitative analysis to assess the sustainability of the business. He looks particularly for above average growth, a strong market position and proven management with a stake in their business.

The fund has a strong long term record, achieving fame as one of the few to make money in 2008 when then manager Philip Gibbs saw the banking crisis ahead of time. Whilst Gibbs has subsequently stepped down from the fund, he remains head of Jupiter’s financials team and new manager Guy de Blonay also has a strong track record in the sector from his days at New Star. Investors should be aware that future returns from banks are likely to be lower than they were prior to the crisis, though the fund has the flexibility to invest in insurance, property and other financial companies.

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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Sector breakdown

Financial Services 34.00%
Support Services 24.00%
Software 18.00%
Banks 6.00%
Property Shares 5.00%
Retailers - General 5.00%
Money Market 2.00%
Real Estate 2.00%
Financial Services 2.00%
Insurance 2.00%

Portfolio

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

Key Investor Information - Income

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Key Investor Information - Accumulation

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