fund
Jupiter Merian Global Equity R
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347.50p
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.
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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?
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0.00%
Initial chargeSome 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!
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1.00%
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).
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1.00%
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.
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0.50%
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…
The fund aims to achieve long term capital growth by investing in a diversified portfolio of global equities. Benchmarked against the MSCI World index, the fund focuses on large and mid sized companies and will not allocate capital to emerging markets. The investment strategy is based around a quantitative model which employs a blend of value, growth, momentum and quality. It is managed by the global quantitative team who have worked together since 2005.
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | |
| Size | £877m |
| Yield | 0.50% |
| Charging basis | Income |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 1.00% |
| Ongoing charges figure | 1.00% |
Allocation
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Investment process
This is a portfolio of predominantly large-cap stocks offering core exposure to the global equities sector. The fund aims to achieve long-term capital growth through a diversified portfolio of global companies and will typically hold around 500 securities. The investment strategy is based around a quantitative model which employs a blend of value, growth, momentum and quality. Factor exposures will vary over time depending on the prevailing market environment. Stock selection is driven by five factors including dynamic valuation, sustainable growth, analyst sentiment, company management and market dynamics. The investment process was enhanced post 2008 allowing the strategy to become more dynamic, such that prevailing market conditions / regime changes and outlook could be incorporated. The fund will typically not invest in emerging markets, REITs and IPOs. The fund is constrained at the sector level (+/-5%), whilst individual stock holdings may not exceed 0.5% on a relative basis. The fund is run on a team basis by Ian Heslop, Amadeo Alentorn and Mike Servent who have worked together since 2005.
The investment process was enhanced post 2008 allowing the strategy to be more dynamic, such that prevailing market conditions / regime changes and market outlook could be incorporated. The fund has performed strongly over the last five years, although investors should be aware that it is likely to lag during periods where the markets are driven primarily by a single factor, and the strategy may experience short-term underperformance during major turning points.
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
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Sector breakdown
| Information Technology | 25.00% |
| Health Care | 16.00% |
| Financials | 15.00% |
| Communications | 10.00% |
| Consumer Discretionary | 9.00% |
| Industrials | 7.00% |
| Consumer Staples | 6.00% |
| Utilities | 4.00% |
| Materials | 4.00% |
| Real Estate | 2.00% |
Portfolio
Circa 500 companies. No: EM, IPOs, REITs.
Key Investor Information