Factsheet: Jupiter International Fincls I Acc

Specialist

Rated Fund 2014-2018. A flexible approach to trends and themes in financials

Although most people think of banks when they think of financial companies, there are several subsectors such as insurance, financial technology and payment-processing that also fall into this area. This gives Jupiter's fund useful flexibility. It has been managed since the beginning of 2015 by Guy de Blonay. He was the deputy manager from 2011 and has focused on financial stocks for many years. The fund reflects 70 of his best ideas globally, comprising companies that he believes are undervalued.

De Blonay aims to identify major structural trends and themes in financial services and then look for companies with prices that do not yet reflect these longer-term trends. He believes that an opportunistic approach is required in order to be able to profit from these themes. So he is prepared to invest in companies of different sizes, at different stages of development and in different countries. He believes the fund's global investment universe and ability to diversify across subsectors provides him with the flexibility to adapt the portfolio to take account of different market conditions.

At the end of 2017, the fund's largest allocation was to banks at 39 per cent, followed by financial services at 34 per cent and support services at 12 per cent.

Whitechurch Securities bought the fund for clients in mid 2015. Head of research Ben Willis says: 'After years of balance sheet repair and tightened regulations, banks are cheaply valued, paying dividends and offering an attractive investment opportunity. Throw into the mix tightening monetary policy leading to a rising interest rate environment, and this appears a conducive backdrop for financial assets.'

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Jupiter International Fincls I Acc
Manager
Jupiter Unit Trust Managers Ltd
Type
Unit Trust
ISIN
GB00B58D9P37
Sector
Specialist
Launched
19/09/2011
OCF
1.1 %
Risk Rating
3
3 Year Sharpe
0.91
3 Year Alpha
2.20
Yield
1.6 %
Benchmark
MSCI ACWI/Financials NR USD
The fund seeks to achieve long term capital growth principally through investment in equities and equity related securities of financial sector companies on an international basis, but with the power to invest in other asset types when the Manager considers it appropriate for market conditions. The Fund invests in a global portfolio of equities, equity related securities (including derivatives), cash, near cash, fixed interest securities, currency exchange transactions, index linked securities, money market instruments (MMIs) and deposits. At times the portfolio may be concentrated in any one or a combination of such assets and, as well as holding physical long positions the Manager may create synthetic long and short positions through derivatives.
Holding %
Bank of America Corporation 4.86 %
Citigroup Inc 3.95 %
E*TRADE Financial Corp 3.82 %
PayPal Holdings Inc 3.55 %
JPMorgan Chase & Co 3.51 %
Morgan Stanley 3.43 %
Plus500 LtdCFD 3.29 %
Prudential PLCCFD 3.26 %
TCS Group Holding PLC GDR Repr Class -A- Reg-S 3.18 %
Partners Group Holding AG 2.99 %
Region %
United States 46.78 %
Asia - Emerging 14.61 %
United Kingdom 11.22 %
Europe - ex Euro 7.68 %
Eurozone 6.14 %
Sector %
Financial Services 83.36 %
Industrials 9.65 %
Technology 5.05 %
Name
Jupiter Unit Trust Managers Ltd
Address
SW1E 6SQ, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Robert Mumby
Joined 10/18/2011

Robert Mumby hasmore than 25 years experience in the financial service sector, including 12 years as an investment analyst. He joined Jupiter in January 2006 to assist with the management of the Jupiter Financial Opportunities Fund. He is also Fund Manager of the financials segment of the Jupiter Global Managed Fund.

Robert Mumby
Joined 10/18/2011

Robert Mumby hasmore than 25 years experience in the financial service sector, including 12 years as an investment analyst. He joined Jupiter in January 2006 to assist with the management of the Jupiter Financial Opportunities Fund. He is also Fund Manager of the financials segment of the Jupiter Global Managed Fund.

Data provided by Morningstar.

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