The Jupiter European Fund looks to invest in quality companies with the potential for sustainable growth.
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Jupiter European Fund
The Jupiter European Fund has a focus on large quality companies with a relatively small portfolio of 35 to 40 companies with a view to investing for the long term.
The fund managers typically invest in stocks which have a sustainable advantage.
Current fund top holdings include Novo Nordisk, Adidas, Relx and Experian.
70% of the fund is invested in companies based in Europe with the fund manager being able to use the balance to invest anywhere in the world.
Whilst the fund launched in 1987 the fund management team is relatively new.
Mark Nichols and Mark Heslop both joined Jupiter in 2019 from Threadneedle, both having experience in the European companies sector.
Fund objective: The objective of the Fund is to provide a return, net of fees, higher than that provided by the FTSE World Europe Ex UK Index over the long term (at least five years).
How To Choose The Best Funds To Invest In Right Now?
As with all investing before you press the buy button, you should ask why you are investing and what you want to get out of it.
Do you have an objective in mind? If it is for a house deposit and you are looking to buy in the next 5 years, or if you are investing for your retirement in 20+ years then these are two different objectives which require a different approach.
What is your tolerance to investment risk? If you can’t abide by big swings in your investment fund portfolio, then a cautious investment approach may be the way to go.
Fund charges are worth taking into consideration as over time the compound affect on your money can be significant. The lower the ongoing charges (OCF) the better.
Do you want a passive or active managed fund? Index trackers or passive funds are generally cheaper than actively managed funds.
Index Trackers follow an index and will seek to duplicate the index as closely as possible e.g. The FTSE 100. Fees are generally low e.g. the iShares Core FTSE 100 ETF (LSE:ISF) has an ongoing charge of 0.07%.
With an actively managed fund, you pay for a manager to research investments and buy and sell holdings using their expertise based on market outlook. For example, Fundsmith Equity, managed by Terry Smith and his team, has an ongoing charge of 0.95%.
If you are investing via an investment platform the provider will charge a fee. What that fee is will again have an impact.
Some platforms are more cost effective based on the amount you invest. A flat fixed fee platform such as Interactive Investor will generally provide better value for money the more you have invested.
If you are unsure what to invest in, most platforms provide ready-made portfolios based on risk profiling to make your choice easier. Hargreaves Lansdown, AJ Bell and ii provide this service.
How To Buy funds Online
Today’s investor in 2021 has a lot of options to choose from.
You can invest in a fund directly or via a tax wrapper such as an ISA or self Invested Personal Pension. If you are investing on behalf of a child you can invest via a junior ISA or junior SIPP.
You can invest using an investment platform typically from £25 pm.
One of the key considerations is cost. However picking the “cheapest” is not as simple as it sounds, as each platform has its own costing model which often makes it difficult to compare like for like.
Other considerations include:
- How easy is the platform to use and what tools and research is on offer
- What fund discounts are there? different platforms have negotiated different discounts on funds
- Customer reviews – useful in understanding strengths and weaknesses of platform providers
- Level of customer service provided
Below we have outlined what can expect to pay in charges for 4 of the UK’s largest most popular investment platforms based on investing in the L&G Global Technology Index fund.
| Investment Platform | Platform Fees | Example - Ongoing Fund Charge (OFC) | Annual Charge on £10,000 | Annual Charge on £40,000 | Annual Charge on £100,000 | Annual Charge on £250,000 |
|---|---|---|---|---|---|---|
| Interactive Investor | £9.99 pm flat fee | 0.32% | £152 | £248 | £440 | £920 |
| Hargreaves Lansdown | 0.45% up to £249,999, reducing to 0.25% from £250,000 to £1m | 0.32% | £77 | £416 | £770 | £1425 |
| AJ Bell | 0.25% on first £250K | 0.32% | £57 | £256 | £570 | £1425 |
| Fidelity | 0.35% from £7,500 to £249,999, reducing to 0.2% from £250,000 to £1m | 0.32% | £67 | £328 | £670 | £1125 |
As you can see the right platform for you will depend on how much you are investing.
6 Easy Steps To Invest In Funds
Our view: The next generation of online platform apps means you can get setup & buy the Jupiter European in as little as 10 minutes!
- Select a fund platform – See below our 4 top platform picks
- Open your fund account – To do this you will need your bank details and national insurance number
- Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
- Search for the fund you wish to invest in – Type in the fund you wish to buy. Please note there may be different versions of the fund. For unit trust and OEIC funds will typically give you 2 options to choose from; Accumulation – where income distributions are reinvested back into the fund; Income – where income is distributed.
- Check out the latest fund information – Some platforms offer free research and analysis
- Buy the fund you want – Nice and straightforward!
IMPORTANT:
No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.