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Jupiter European Special Situations Fund - removal from Wealth 150

Kate Marshall | Tue 24 March 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

The Jupiter European Special Situations Fund has been removed from the Wealth 150 list of our favourite funds for new investment.

We recently conducted a full review of the IA Europe (excluding UK) sector, analysing all funds and assessing performance and charges. It is a highly competitive sector, featuring a large number of high-quality managers with strong track records.

Cédric de Fonclare has managed the fund since July 2005. While it has delivered good returns over his tenure, it has only marginally outperformed the benchmark and the peer group over the last five years. The fund has underperformed our other favoured managers with a full track record in this sector over the period, and our analysis suggests little value has been added through stock selection in recent years.

Performance of the Jupiter European Special Situations Fund over five years

Past performance is not a guide to future returns. Lipper IM* to 02/03/2015

Annual percentage growth
Mar 10 -
Mar 11
Mar 11 -
Mar 12
Mar 12 -
Mar 13
Mar 13 -
Mar 14
Mar 14 -
Mar 15
Jupiter European Special Situations 13.0% -6.7% 20.2% 11.4% 6.6%
IA Europe ex UK 11.4% -8.4% 19.4% 13.8% 5.9%
FTSE World Europe ex UK 10.4% -8.4% 17.9% 12.2% 8.3%

In addition, the Jupiter European Special Situations Fund has relatively high fees, and is one of the most expensive Wealth 150 funds in this sector. Where we feel a fund is exceptional, it can be worth paying a higher management charge, otherwise we generally prefer funds with lower fees.

Cédric de Fonclare is an experienced European fund manager and we believe his focus on quality companies, backed by a strong management team and good earnings growth could see this concentrated fund fare well over the long term. That said, we hold the remaining Wealth 150 fund managers in higher regard, while most funds also have lower management charges.

Our preferred funds for new investment in the IA Europe (excluding UK) sector currently feature on the Wealth 150.

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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