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Share Centre featured fund: Jupiter European fund

Joanna Faith
Written By:
Joanna Faith
Posted:
Updated:
11/08/2015

Andy Parsons, head of investment research and advisory services at The Share Centre, picks Jupiter European fund as this month’s Featured Fund.

 

Overall, company balance sheets in the eurozone remain strong, while policy reform remains painfully slow and Eurosceptic parties have gained ground in elections;  And yet while the turbulent back drop remains, the European Central Bank has sought to ensure financial measures are in place to provide stability.  This has in turn aided the weakening of the currency against the dollar and therefore proved favourable for exporters.

“Launched back in 1987, the Jupiter European fund has been managed by Alex Darwall since 2001. Its portfolio is run on a very concentrated, high conviction basis, with the fund generally holding 30-40 stocks. The majority of the fund comprises of mid-cap companies which are seldom below the £500m market capitalisation. Darwall is a believer in providing long term support to companies that are well financed, with strong growth prospects and that are operating in areas of the economy where there is likely to be clear visibility ahead. These companies will be based in Europe but are exposed to growth in a global trade and productivity.

“We feel that this fund is suitable to those investors looking to invest in one that offers a core portfolio of European equities, excluding those in the UK. Due to the nature of the geographical region and the development of their financial markets, we rate this fund as a medium risk investment for investors wanting broad European region exposure in a concentrated portfolio.”

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