Jupiter European Opportunities Trust PLC

European Equities

Rated Fund 2013, 2015-2018. Concentrates on companies benefiting from change

This trust has been managed by Alexander Darwall since 2000. He can invest anywhere across Europe including in the UK, and favours a concentrated portfolio. At the end of 2017, he had more than a quarter of assets in the UK and his top 10 holdings accounted for almost three quarters of the portfolio.

Darwall is highly experienced and has a strong performance record. However, with low exposure to financials and energy, this trust has been a little out of favour since 2016 and shares have therefore been available at a small discount to net asset value during 2017, whereas previously they had been trading at a premium.The manager invests in businesses of all sizes and investors can expect an eclectic collection of stocks reflecting Darwall's aim to find 'special' companies across a range of activities. He regards change and disruption as necessary ingredients for his investment strategy to work and looks for companies that stand to benefit.He pays little attention to what is happening at either the political and or the macroeconomic level, as he is more interested in finding businesses that can deliver earnings growth across a range of scenarios.

When looking for shares to buy, Darwall seeks to identify companies that enjoy certain key business characteristics. The first is a strong management record and team. The second is proprietary technology and other factors that indicate a sustainable competitive advantage. The third is the reasonable expectation that demand for products or services will enjoy long-term growth. The fourth is an understanding that structural changes are likely to benefit rather than negatively impact that company's prospects.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Jupiter European Opportunities Trust PLC
Manager
Jupiter Unit Trust Managers Ltd
Type
Closed Ended Investment Company
ISIN
GB0000197722
Sector
Europe
Launched
22/11/2000
OCF
0.99 %
Risk Rating
5
3 Year Sharpe
0.99
3 Year Alpha
6.59
Yield
0.8 %
Benchmark
FTSE World Eur Ex UK TR GBP
Fund Size
£ 945 million
NAV
820
Gearing
104
Discount Premium
2
The objective of the Company is to invest in securities of European companies and in sectors or geographical areas which are considered by the investment manager to offer good prospects for capital growth, taking into account economic trends and business development.
Holding %
Wirecard AG 16.79 %
RELX NV 8.44 %
Novo Nordisk A/S B 7.80 %
Amadeus IT Group SA A 7.37 %
Carnival PLC 6.64 %
Grenkeleasing AG 6.44 %
Deutsche Boerse AG 6.35 %
Experian PLC 5.57 %
Inmarsat PLC 5.08 %
BioMerieux SA 4.63 %
Region %
Eurozone 65.26 %
United Kingdom 18.86 %
Europe - ex Euro 10.51 %
United States 5.36 %
Sector %
Technology 27.20 %
Financial Services 19.31 %
Healthcare 18.62 %
Consumer Cyclical 17.37 %
Industrials 9.68 %
Name
Jupiter Unit Trust Managers Ltd
Address
SW1E 6SQ, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Alexander Darwall
Joined 11/22/2000

Alex Darwall joined Jupiter in 1995 and currently heads up the Jupiter European Team. He manages the Jupiter European Fund (Unit Trust), the Jupiter European Opportunities Trust (Investment Trust), the Jupiter European Growth SICAV and institutional assets. Alex originally joined Jupiter to run the European portion of a number of segregated pension fund accounts, subsequently taking responsibility for other accounts including County Council pension funds (European portion). In 1999, he assumed management of the Jupiter European Investment Trust and subsequently the rollover vehicle, the Jupiter European Opportunities Trust (Investment Trust), which launched in November 2000. Alex trained as an investment analyst with de Zoete & Bevan (BZW) before moving to Enskilda Securities in Paris in 1987, where he became Head of French Equity Research. He joined Goldman Sachs in London in 1992, where he worked as a French Equity Analyst prior to moving to Jupiter. Alex gained a degree in History from Cambridge University.

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.