Fact sheet: Jupiter International Financials

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
SPECIALIST
Sector
UT Specialist
Fund type
Unit Trust
Primary aim
GROWTH
Why Money Observer Rates Jupiter International Financials

Rated Fund 2014-2017. A flexible approach to trends and themes in the sector

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 previously the deputy manager and has focused on financial stocks for many years. The fund is a concentrated portfolio 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 says the fund's global investment universe and ability to diversify across sub-sectors provides him with the flexibility to adapt the portfolio to take account of different market conditions.

At the end of 2016, the fund was 46 per cent invested in North America. De Blonay points out that Donald Trump's presidential victory could be beneficial for the financials sector, with inflation expectations higher and more interest rate rises likely to improve the earnings and margins of US banks. A general lightening of US financial services regulation could also help the sector.

3 Year Performance
Fund Performance46.3%
Average of Rated Funds Group47.9%
Sector Performance20.9%
Fund information
Fund name
Jupiter International Financials I Acc
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund managers
  • Guy de Blonaysince 01/01/2015
Accolades
Fund objective
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.
Benchmark
  • MSCI ACWI Financials Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.9%
1 Year rank in sector
7/105
Sector
UT Specialist
Yield
1.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.1%
Fund size
£59m (£41m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
123
Top in this sector
Fund name1 Year
Baring German Gth20.4%
VT Halo Gbl Asn Consumer20.1%
Fidelity EmEur Md Et Af16.8%
Baring Korea Trust15.9%
Jupiter Financial Opps15.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • North America51.6%
    Asia Pacific ex Japan20.3%
    Europe ex UK19.5%
    UK14.9%
    European Emerging Markets5.2%
  • Banks46.2%
    Financial Services38.2%
    Support Services11.3%
    Life Insurance8.4%
    Software6%
  • North American Equities51.6%
    Asia Pacific ex Japan Equities20.3%
    Europe ex UK Equities19.5%
    UK Equities14.9%
    European Emerging Equities5.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%2.6%-14.9%46.3%78.1%
Sector-3.9%-0.3%0.4%1.7%20.9%24.1%
Rank within sector41 / 11122 / 11166 / 1117 / 10513 / 10111 / 88
Quartile2nd1st3rd1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund1.3%20.4%14.6%7.5%4.8%
Sector-2.3%8.2%22.7%-4.5%1.2%
Rank within sector18 / 1116 / 10562 / 10410 / 10043 / 95
Quartile1st1st3rd1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
7.71
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.82
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.93
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.14
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.33
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.61
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.42
Price movement
52 week high104.14
52 week low83.61
Current bid price-
Current offer price-
Current mid price99.45
Region
1North America51.62%
2Asia Pacific ex Japan20.27%
3Europe ex UK19.47%
4UK14.9%
5European Emerging Markets5.21%
6Middle East2.8%
7Japan0.7%
8Money Market-14.97%
Industry sector
1Banks46.15%
2Financial Services38.2%
3Support Services11.28%
4Life Insurance8.41%
5Software6.02%
6Real Estate1.85%
7Equities1.71%
8Media1.22%
9Insurance0.12%
Asset type
1North American Equities51.62%
2Asia Pacific ex Japan Equities20.27%
3Europe ex UK Equities19.47%
4UK Equities14.9%
5European Emerging Equities5.21%
6Middle East & African Equities2.8%
7Japanese Equities0.7%
8Money Market-14.97%
Individual holdings
1BANK OF AMERICA CORP4.92%
2CITIGROUP INC4.77%
3MORGAN STANLEY4.73%
4JPMORGAN CHASE & CO3.99%
5PRUDENTIAL PLC3.53%
6PAYPAL HLDGS INC3.3%
7E TRADE FINANCIAL CORP3.21%
8PARTNERS GROUP HOLDING3.14%
9LONDON STOCK EXCHANGE GROUP2.94%
Management
Fund manager group
Jupiter
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
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.
Benchmark
  • MSCI ACWI Financials Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Guy de Blonay01/01/2015Guy joined Jupiter in 1995 and is currently a fund manager in the Global equities team. Guy is the lead manager of the Jupiter Financial Opportunities Fund and the Jupiter International Financials Fund (Unit Trusts) as well as the Jupiter Global Financials fund (SICAV). In 2001, Guy joined New Star (which was subsequently taken over by Henderson) where he managed global financial equities. He returned to Jupiter in January 2010, initially in an advisory capacity, before again assuming fund management responsibilities in June 2010.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Jupiter International Financials
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price96.41
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHUB1
Jupiter International Financials I Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price99.45
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09QG
Data provided by

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