Following our last communication regarding the planned departure of the fund’s managers Ben Whitmore and Dermot Murphy and the removal of the Jupiter Global Value Equity fund from the Wealth Shortlist, we wanted to give clients an update on the current situation with the fund.
Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.
We remain in close and frequent contact with Jupiter regarding their plans for the fund and in our last communication, we indicated that Whitmore and Murphy would be leaving the firm in October. As it stands, Whitmore and Murphy are still employed by Jupiter and continue to manage the fund as they await regulatory approval for their own planned boutique investment company, Brickwood Asset Management.
Assuming regulatory approval is granted, Jupiter will re-assess the options for this fund. We expect these options to include conducting a due diligence process to assess the suitability of Brickwood Asset Management to run the fund for Jupiter under a sub-advisory basis as well as looking at the possibility of making new hires to continue to run the fund at Jupiter.
We will, of course, keep clients updated with any new information as and when we receive it from Jupiter. You can also read our previous update.
Annual Percentage Growth
Sep 19 to Sep 20
Sep 20 to Sep 21
Sep 21 to Sep 22
Sep 22 to Sep 23
Sep 23 to Sep 24
Jupiter Global Value Equity fund
-11.39%
33.25%
4.54%
12.74%
5.06%
IA Global
6.99%
23.32%
-8.79%
7.42%
16.39%
MSCI AC World
5.8%
22.71%
-3.71%
11.04%
20.43%
Past performance isn't a guide to future returns.
Source: Lipper IM to 30/09/2024.
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.
Aidan joined the Fund Research team in 2022 and is responsible for analysing funds and investment trusts in the US and Global Sectors. He has a keen interest in macroeconomics and in particular US monetary policies and the impact it can have on clients' investments.
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