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Jupiter Global Value Equity Class X - Income (GBP)

Sell:63.80p Buy:63.80p Change: 0.01p (0.02%)
Prices as at 24 December 2024
Sell:63.80p
Buy:63.80p
Change: 0.01p (0.02%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 24 December 2024
Sell:63.80p
Buy:63.80p
Change: 0.01p (0.02%)
Prices as at 24 December 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
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 »

This fund aims to achieve long-term growth by investing in out-of-favour companies with recovery potential from around the world. That makes it different from many other global funds that focus on companies with high-growth expectations, which could provide diversification to a portfolio. Also unlike many other global funds, it invests less in the US and so could be used to gain international exposure to other stock markets.

Ben Whitmore is one of the most experienced managers investing in unloved companies. We like his and co-manager Dermot Murphy's disciplined approach. However, Whitmore and Murphy will be leaving Jupiter at some point after July 2024 to set up their own investment boutique Brickwood Asset Management. At time of writing, Jupiter are exploring the option for Whitmore and Murphy to run the fund on a sub-advisory basis, however, it's unclear whether the new business would meet the required due diligence standard for Jupiter. This outcome has not been confirmed, and Jupiter has not given an alternative should this plan not be implemented. We conduct due diligence before featuring a fund in any of our solutions and to date we have not completed such a process for Brickwood. As a result of the uncertainty this fund does not feature on the Wealth Shortlist.

Our view on the sector

It's natural for UK investors to focus on funds investing in their home market. But as the world has become more connected, so has the investment landscape. There are lots of funds investing across the globe, and these can be a great way to diversify an investment portfolio. Funds in the global sector can invest anywhere in the world. But they go about this in different ways. They vary in how much they can invest in certain types of companies, sectors, countries, or regions. Some focus on developed markets or large multinational corporations, while others invest more in higher-risk emerging markets or smaller companies. Some target companies with higher-growth expectations and others search for unloved companies with the potential to recover.

Performance Analysis

Since the fund launched in March 2018 it hasn't performed as well as the IA Global sector average. Value investing has been out of favour for much of this period, as the market has rewarded companies that have been growing, rather than ones that have fallen on hard times but could turn themselves around. That said, there have been times when value investing has been in favour and this fund has performed well.

Investment Philosophy

Whitmore and Murphy believe good long-term investment results can be achieved by investing in companies whose shares can be bought for less than their true worth - so-called value investing. This often involves investing in businesses that are unloved, but the managers expect to eventually return to favour, which could see their share price rise.

This approach requires patience, as it can take time for companies to recover or return to favour, and there is no guarantee that they ever will.

Process and Portfolio Construction

Investors can overreact to news, information, and research. This means they may over or underestimate companies' true value. Whitmore and Murphy aim to capitalise on this.

They look for companies where the true value might be significantly underappreciated. This means that as well as having a low valuation the company must typically be in good financial health, be profitable, and have a strong brand or franchise.

Investments are made in a range of companies across different industries. This is so the fund doesn't depend on the fortunes of a single area. The managers invest in relatively few companies, typically 35-55, so each can contribute significantly to performance, though this increases risk. So does the flexibility to invest in smaller companies and emerging markets.

question mark Manager Track Record Based on HL Quantitative Research

  • Jupiter Global Value L GBP A Inc
  • Jupiter Global Value Equity Fund...
  • IA Global
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

24/12/19 to 24/12/20 24/12/20 to 24/12/21 24/12/21 to 24/12/22 24/12/22 to 24/12/23 24/12/23 to 24/12/24
Annual return -1.55% 13.23% 16.37% 9.71% -0.14%

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.

Information about the fund

Fund manager biography

Manager Name: Brian McCormick
Manager start date: 25 October 2024
Manager located in: TBC

Brian joined Jupiter in March 2020 to work on the Global Value strategies. Brian began his career in 2015 working on the investment team led by legendary Scottish fund manager Angus Tulloch. From 2015 until 2020 he was an analyst, and later Deputy Fund Manager, at Stewart Investors (First State Investments). He worked across their Global, Emerging Market and Frontier strategies. Brian has nine years of professional investment experience. He holds the Chartered Financial Analyst (CFA©) designation, a master's degree in Law & Finance with distinction from Oxford University, and a first class BCL in Law & Economics from University College Dublin.

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
Invest now