Jupiter UK Growth Class I - Accumulation (GBP)
Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Steve Davies combines his views on the economic environment with an analysis of company prospects to construct this UK-focused portfolio.
He seeks a combination of high-quality companies expected to grow strongly for years to come, and companies that are unloved by other investors, but where a reversal in fortunes could be on the horizon.
The manager has shown some ability to perform well in the past by focusing on the prospects for individual companies and investing in a small selection of those he believes have the best prospects.
However, the fund's performance has been inconsistent over the past few years. We believe this is because the manager deviated from his tried-and-tested approach, placing too much emphasis on positioning the fund according to his broader economic and political views, and not enough on selecting companies with the brightest futures.
Furthermore, the fund is priced at a significant premium to other funds in the sector that we feel have better long-term prospects.