Introduction
Jupiter European Fund J-Class Acc Investing in Europe’s diverse markets can be both exciting and challenging. With a myriad of opportunities across various sectors and countries, having a reliable fund to guide your investments is crucial. Enter the Jupiter European Fund J-Class Acc—a fund designed to harness the potential of European equities while mitigating risks. In this article, we’ll delve into the intricacies of this fund, its strategies, performance metrics, and how it can complement your investment goals.
Understanding the Jupiter European Fund J-Class Acc
What Is the Jupiter European Fund J-Class Acc?
The Jupiter European Fund J-Class Acc is a sub-fund of the Jupiter European Fund, managed by Jupiter Asset Management. This particular share class, denoted as ‘Acc’ for accumulation, reinvests dividends to enhance capital growth, making it an attractive option for investors seeking long-term appreciation.
Investment Objective
The primary goal of the fund is to achieve returns, net of fees, higher than those provided by the FTSE World Europe Ex UK Index over the long term (at least five years). To accomplish this, at least 70% of the fund is invested in shares of companies based in Europe (excluding the UK). The remaining 30% can be allocated to other assets, including global companies and other funds, providing flexibility and diversification.
Fund Management and Strategy
The Management Team
Since October 1, 2019, the fund has been co-managed by Mark Heslop and Mark Nichols. Both bring a wealth of experience in European equities, with a focus on identifying high-quality companies with sustainable growth prospects.
Investment Approach
The fund employs a bottom-up stock selection process, emphasizing companies with strong competitive advantages, robust balance sheets, and consistent earnings growth. By focusing on these high-quality businesses, the fund aims to deliver superior risk-adjusted returns over the long term.
Performance Overview
Historical Performance
As of September 27, 2024, the Jupiter European Fund J-Class Acc has demonstrated the following annualized returns:
- Year-to-Date (YTD): 0.57%
- 3 Years: 0.08%
- 5 Years: 5.07%
These figures indicate the fund’s resilience and ability to navigate various market conditions.
Comparative Analysis
When compared to its benchmark, the FTSE World Europe Ex UK Index, the fund has shown periods of both outperformance and underperformance. This variability underscores the importance of a long-term investment horizon and the fund’s active management approach.
Portfolio Composition
Asset Allocation
The fund maintains a high allocation to equities, with 97.99% invested in stocks as of September 30, 2024. A minimal portion is held in cash and near-cash assets, ensuring liquidity while maximizing exposure to growth opportunities.
Sector Exposure
The fund’s top sector allocations include:
- Industrials: 34.39%
- Technology: 19.16%
- Financial Services: 12.29%
- Healthcare: 9.80%
- Basic Materials: 9.25%
This diversified sector exposure allows the fund to capitalize on various growth drivers within the European economy.
Top Holdings
As of the latest available data, the fund’s top holdings are:
- RELX PLC (Industrials): 7.24%
- Novo Nordisk AS Class B (Healthcare): 6.39%
- ASML Holding NV (Technology): 5.78%
- Wolters Kluwer NV (Industrials): 5.20%
- Amadeus IT Group SA (Technology): 4.47%
These holdings reflect the fund’s emphasis on companies with strong market positions and growth potential.
Fees and Charges
Ongoing Charge
The fund’s ongoing charge, as of February 16, 2024, is 1.34%. This fee covers the costs of managing and operating the fund, including management fees, administrative expenses, and other operational costs.
Initial Charge
There is no maximum initial charge for investing in the Jupiter European Fund J-Class Acc, making it more accessible to investors without the burden of upfront fees.
How to Invest
Eligibility
The Jupiter European Fund J-Class Acc is available to individual investors, financial advisors, and institutional investors. It’s essential to consult with a financial advisor to ensure that this fund aligns with your investment objectives and risk tolerance.
Investment Platforms
Investors can access the fund through various investment platforms, brokerage accounts, or directly via Jupiter Asset Management’s services. It’s advisable to compare platform fees and services to select the option that best suits your needs.
FAQs
1. What is the minimum investment amount for the Jupiter European Fund J-Class Acc?
The minimum investment amount varies depending on the platform or brokerage used. Investors should consult the specific platform or Jupiter Asset Management for detailed information
