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Jupiter UK Mid Cap Inclusive - Class L- Income (GBP)

Sell:469.50p Buy:469.50p Change: 3.64p (0.77%)
Prices as at 30 November 2021
Change: 3.64p (0.77%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 30 November 2021
Change: 3.64p (0.77%)
Prices as at 30 November 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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 »

Richard Watts combines his economic views with his analysis on individual companies and invests in those he believes have the brightest prospects.

He's got support from the talented small and medium-sized companies team at Jupiter. We've invested with them for a long time and think they're among the best in the business.

We think this fund is a reasonable choice for exposure to the UK's medium-sized businesses but it has a higher annual management charge than our preferred option.

Our view on the sector

Businesses listed on the FTSE 250 Index are often called medium-sized companies or 'mid-caps'. While the FTSE 100 includes the UK's 100 largest companies, the FTSE 250 contains the next 250 largest companies. They're the main hunting ground for fund managers who run UK mid-cap funds. Medium-sized companies have made strong returns for long-term investors. But their performance tends to be sensitive to the health of the UK economy than larger ones. We think they've got the potential to deliver strong returns for long-term investors prepared to weather the increased volatility. They could add diversification to a portfolio focused on larger companies too.

Performance Analysis

The fund performed well in comparison to the broader market of medium-sized UK businesses. We put this down to the manager's ability to invest in companies with outstanding growth potential, regardless of what industry they're in.

Medium-sized companies are normally more sensitive to the health of the UK economy though. That means they can be more volatile than bigger ones, so a long-term approach is essential.

Investment Philosophy

Richard Watts and his team think medium-sized companies are the investment 'sweet spot'. Small and nimble enough to offer exciting growth potential, yet mature enough to limit some of the volatility you get when investing in smaller companies.

Process and Portfolio Construction

Richard Watts looks at what's going on in the broader UK economy and identifies areas of the UK stock market that could do well as a result. He'll then invest in profitable companies that can grow their earnings quickly. He'll often hold on to companies that perform well, even if they progress to the FTSE 100. Conversely, if he realises he's made a mistake, he'll cut his losses quickly.

The number of investments held in the portfolio ranges between 40 and 50. This means each investment has a significant effect on the fund's returns, but this is a higher-risk approach. The manager also has the ability to invest in smaller companies, which are higher-risk than their medium-sized and larger counterparts.

question mark Manager Track Record Based on HL Quantitative Research

  • Jupiter UK Mid Cap Fund L GBP Acc
  • FTSE 250 Mid (X It) TR

Fund Track Record

30/11/16 to 30/11/17 30/11/17 to 30/11/18 30/11/18 to 30/11/19 30/11/19 to 30/11/20 30/11/20 to 30/11/21
Annual return 27.57% -12.96% 13.17% 4.43% 12.09%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Launched in 1985 as a specialist boutique, Jupiter has grown to be one of the UK's most successful and respected investment management groups. Jupiter currently manages assets spread across a range of UK and offshore mutual funds, multi-manager products, hedge funds, institutional mandates and investment companies. Jupiter has gained a reputation for achieving outperformance across a broad variety of portfolios specialising in different markets, including UK equities, Europe and bonds.

Information about the fund

Fund manager biography

manager photo
Manager Name: Richard Watts
Manager start date: 31 December 2008
Manager located in: London

Richard is Co-Head of Strategy, UK Small & Mid Cap in the UK Small & Mid Cap team. Before joining Jupiter, Richard worked at Merian Global Investors as a UK mid-cap portfolio manager. Prior to joining Merian, Richard worked at Orbis Investment Advisory as an equity analyst. Before this, he was a senior associate in the investment management division of PricewaterhouseCoopers. He began his investment career in 1998. Richard has a degree in Mathematical Sciences. He is IIMR-qualified and is a CFA® charterholder.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account