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Jupiter UK Dynamic Equity I

Bestinvest LogoGrowth-oriented mid and small cap equity fund with some short positions.

PRICE (INC)

449.93p

PRICE (ACC)

449.93p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

1%

ONGOING CHARGE

1.09%

YIELD

0.7%

1 YEAR
-26.10%

Prices as at 10 Aug 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets capital growth through investment mainly in small and mid-cap UK equities. This is a best ideas fund, with manager Luke Kerr forming the portfolio from the highest conviction ideas held elsewhere on the Old Mutual UK mid and small cap team. Kerr favours fast-growing companies and also includes a number of “short” positions in the fund where he expects prices to fall. Typically these are limited, but market exposure can be reduced to as low as 30% when the manager is bearish.

Fund summary

SectorUK All Companies
StructureOFFSHORE FUND
LaunchedJune 2009
Size£215m
Yield0.7%
Charging BasisIncome
Dividends paid31 Jul

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge1%
Ongoing Charges Figure1.09%

Investment Process

Stocks are selected entirely from those bought elsewhere on the UK mid and small cap team and will consist predominantly of medium and small-sized UK companies, though some FTSE 100 companies may also feature. The bulk of the portfolio will be in traditional “long” positions (buying equities the manager expects to rise in price). However, the manager also takes some short positions, which give negative exposure to shares he believes are overvalued, enabling him to benefit from falling share prices. With the long positions the manager looks for companies that have 1) Potential for above average growth, 2) Potential for profit upgrades and 3) Potential for re-rating. These criteria are reversed when looking for short positions. The process also includes top-down analysis, which is aimed at identifying sectors and styles that are likely to outperform and underperform the market - this helps set the overall balance of the portfolio. Shorting can be used more generally when the market is overvalued – combined with the use of cash this can reduce market exposure to as low as 30%.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning