We have moved the Jupiter European fund to our Recommended list.  The fund previously featured on our Positive Watch list.

Jupiter European has been on our Positive Watch list since Alexander Darwall, former portfolio manager, announced that he was leaving the firm.  The fund was formally handed to new managers, Mark Nichols and Mark Heslop, on 1 October 2019.  They joined the firm from Columbia Threadneedle, where they had worked together for several years. Mr Nichols is an experienced European equity manager, having run funds in this area since 2001.  Mr Heslop began his career in 1999 and brings experience in European smaller companies and global equities.  They are senior members of the European Growth team and work closely with Phil Macartney, Sohil Chotai and Nikisha Mistry according to a common investment approach.

Under their stewardship, the fund has delivered an outcome that is in keeping with their philosophy, which promotes the importance of delivering attractive returns through investments in companies with strong business models that have secular growth characteristics, sustainable returns on capital and credible management teams.  The managers can hold weighty positions in favoured stocks and this, together with their benchmark agnosticism and long-term investment horizon, is likely to result in an idiosyncratic performance outcome, but one that is correlated to growth as a style.

Fund snapshot

A European equity fund that is managed with a bottom-up approach.  The managers seek companies with strong business models that have secular growth characteristics and sustainable returns.  Within its sector, the fund features in our 'Growth-Biased' category.

To view our full factsheet, please visit the fund page on our website

For further information, please see our IA Sector Overview covering Europe excluding UK  funds.