Jupiter UK Growth Inclusive - Income (GBP)
Our view on this Fund
This fund does not feature on our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »
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.