We're currently experiencing extremely high call volumes. We're very sorry for any inconvenience this might cause. If you need help with your account, please visit our Help Centre, or email us and we’ll get back to you as soon as we can. For more information and tips on managing your account online please visit www.hl.co.uk/coronavirus

We’re experiencing high call volumes, please check FAQs before calling.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account
Investment Times

Ignoring funds

| 21 November 2017 | A A A
Ignoring funds

No recommendation

No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

The stock market is often seen as exciting. The company of the moment frequently grabs the headlines. It’s easy to see why individual shares attract attention and become many people’s first foray into investing.

But what is exciting now can look uninspiring later. Shares that deliver phenomenal performance over short periods of time are unlikely to do so forever.

Some investors are able to monitor companies daily and might be skilful (or lucky) enough to buy and sell at the right time. Others don’t have the time or the discipline to track the stock market in so much detail. Yet even the slightest bit of bad news can lead to rapid decline in a company’s share price.

Instead investors might consider a fund, containing a diversified and hand-picked selection of shares. On the face of it, funds might not be as much fun to talk about at a dinner party, but they can still make remarkably profitable investments.

Investing with an experienced fund manager takes away a lot of the hard work. The best invest in more winners than losers, though they won’t get it right every time. Funds also provide important diversification – investing across a variety of investments can help reduce volatility.

Here I highlight two managers with exceptional records. As always please remember past performance is not a guide to future returns. Stock market investments will fall in value as well as rise, so you could make a loss.

Jupiter India - Avinash Vazirani

  • Our favoured choice for investing in India
  • Manager Avinash Vazirani has a stellar track record spanning more than two decades

India is arguably the world’s most important economic story after China. We think investors should be excited about its long-term prospects.

Prime Minister Narendra Modi is determined to turn India into a global economic leader and in doing so he has already instigated radical economic and political reform. Significant tax changes, for example, could improve efficiency and increase company profits, which could lead to rising share prices over the long term. While the country is undergoing historic change, the full effects will take time, which means a long investment horizon is essential.

Avinash Vazirani has proved excellent returns can be made by investing in India and the broader Asia Pacific region. He started running portfolios investing across Asia two decades ago, before his Jupiter India Fund launched in 2008. Over his career he’s turned an initial investment of £1,000 into £27,000+, though it’s been a bumpy ride and as ever, remember this is not a guide to future returns.

The fund has tended to hold a bias towards higher-risk small and medium-sized companies, which we feel has added value over time. The main measure of India’s stock market contains almost 80 larger companies and most funds focus here. In contrast, Vazirani hunts for opportunities off the beaten track, among smaller businesses with greater growth prospects. This differentiates the fund from many of its peers.

We believe he has the skill and experience to harness India’s exciting growth opportunities, and this fund is our favourite for investment in this higher-risk area.

Avinash Vazirani's career track record

Past performance is not a guide to future returns. *Source: HL, 30/11/97 - 31/10/17

Annual Percentage Growth
Oct 12 -
Oct 13
Oct 13 -
Oct 14
Oct 14 -
Oct 15
Oct 15 -
Oct 16
Oct 16 -
Oct 17
Jupiter India -8.3 45.8 11.1 49.0 4.8
FTSE India -0.4 34.4 -2.1 35.4 15.3

Source: Lipper IM, 31/10/12 to 31/10/17

Jupiter India
Net Initial Charge 0%
Ongoing Charge 1.07%
Saving 0.38%
Net OCF 0.69%
Performance Fee No

Our annual platform charge of 0.45% also applies. More on our charges

View the Jupiter India KIID

Invest in Jupiter India

FP CRUX European Special Situations - Richard Pease

  • Managed by one of Europe’s finest stock pickers
  • European companies are increasing their earnings against an improving economic backdrop

European markets have been dogged by negative sentiment over the past few years, but we think the outlook is promising. Many European companies are increasing their earnings – this is a real positive as rising share prices are driven by earnings growth over the long run.

The economic picture is also getting brighter. Lending to companies and individuals has picked up, supporting growth; unemployment is at an eight-year low; and inflation looks under control. All this should provide a supportive backdrop for European companies to thrive.

Richard Pease, manager of the FP CRUX European Special Situations Fund, has built a formidable reputation investing in European shares. The continent is often overlooked by investors, but this exceptional fund manager has proven it’s possible to make good money investing here.

He seeks businesses that can thrive whatever the economic weather, and aims to avoid those that are more sensitive to fluctuations in the economic cycle. He invests in smaller and medium-sized companies when he feels the potential returns justify the higher risks involved.

Our analysis shows he has one of the most-successful stock-picking records across the entire fund management industry. Pease has made investors almost 50 times their original investment since his first venture in 1990. To put this into context, an initial investment of £1,000 would now be worth £47,600+, though investors should remember that this is no guarantee of future success.

We think the fund is an excellent option for those looking to invest in Europe’s diverse stock markets with a proven manager at the helm.

Richard Pease’s career track record

Past performance is not a guide to future returns. *Source: HL, 28/02/90 - 31/10/17

Annual Percentage Growth
Oct 12 -
Oct 13
Oct 13 -
Oct 14
Oct 14 -
Oct 15
Oct 15 -
Oct 16
Oct 16 -
Oct 17
FP CRUX European Special Situations 29.0 -1.0 11.2 30.8 18.3
FTSE World Europe excluding UK 32.5 -0.8 5.2 19.7 19.9

Source: Lipper IM, 31/10/12 to 31/10/17

FP CRUX European Special Situations
Net Initial Charge 0%
Ongoing Charge 0.87%
Saving 0.14%*
Net OCF 0.73%
Performance Fee No

*This saving is delivered via a loyalty bonus. This is tax-free in an ISA or SIPP but may be subject to tax outside.

Our annual platform charge of 0.45% also applies. More on our charges

View the FP CRUX European Special Situations KIID

Invest in FP CRUX European Special Situations

Read next article

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.