Jupiter North American Income I

Investment Process

The fund aims to achieve long-term capital growth and income by investing in North American securities. Investing primarily in blue chip companies the manager follows a bottom up approach, meaning that the investment decision is based ultimately on the individual quality of a given company. While the manager typically targets growth stocks, in practice he is pragmatic and so is happy to vary the style bias of the portfolio. Once a broad theme has been identified the manager looks for stocks that will consistently beat their cost of capital, thus increasing the scope for providing investors with superior returns. Typically, this means identifying uniqueness in a company’s business model. Therefore companies which feature strong barriers to entry or intellectual capital are sought.