Portfolios to help meet your clients’ saving goals
In a world of ever-increasing choice and complexity, it can be hard for you to spot the best investment opportunities and avoid the biggest risks. A multi-manager portfolio makes your life easier by putting the task of researching, selecting and monitoring investments in the hands of experienced professionals.
Multi-manager portfolios – such as the Jupiter Merlin Portfolios – are one-stop investment solutions which invest in a variety of funds managed by some of the best and most experienced professional investors, all blended together by the team’s expertise.
What we offer
The Portfolios in the Jupiter Merlin range are designed to meet the needs of your clients with different appetites for taking risk in the search for investment rewards.
Expert investors at your service
Multi-manager portfolios take the hard work out of fund selection by researching, selecting and monitoring funds, then blending them together in a diversified portfolio, so that you can spend more time with your clients. Over time your client may have accumulated funds that no longer meet their investment goals or may simply be underperforming. Dedicated multi-manager portfolios can bring balance, focus and performance potential back to your client’s investments.
A simple, high quality way to invest
A multi-manager fund provides the opportunity to own a diversified portfolio of funds all within one straightforward investment wrapper.
Having a dedicated team of professionals monitoring the market for you means that they can adjust to changing market conditions. What is more, they can use their buying power and professional status to give your clients access to investments that may not be available to private investors.
Analysis that is about more than just numbers
Understanding the skills and motivations of the people managing funds is key to delivering sustainable long-term performance.
Jupiter’s Independent Funds team conducts thorough analysis of the investment environment, aiming to identify key turning points in the market, alongside rigorous analysis of funds. They recognise, however, that investment is a people business as much as a statistical one, and that the personalities of the fund managers in whose funds the Jupiter Merlin Portfolios invest will have a bearing on both performance and risk management.
To enable them to understand the people behind the numbers, the team conducts over 250 one-on-one meetings with fund managers each year. These meetings will typically discuss the manager’s interpretation of the economic environment and its impact on their fund, its asset class and related strategies as well as a deep-dive analysis of that manager’s investment philosophy, process and style. They will also talk about their work and even their home environment, where it could have a bearing on performance.
ESG & stewardship
The Jupiter Independent Funds team know that investing in shares and bonds comes with responsibilities. The team encourage the managers of funds in which they invest to exercise their duties as asset owners or financiers to best effect. This includes considering environmental, social, and governance (ESG) factors and incorporating good stewardship principles when investing, engaging with companies and voting with a view to delivering the best outcome for all stakeholders.
A straightforward and tax-efficient choice
Investing in a multi-manager portfolio can dramatically reduce the amount of paperwork and time you spend on administration. Multi-manager portfolios can potentially be UK tax efficient too, as the trades made within the portfolio do not trigger a capital gains tax liability for your client. This is based on our understanding of current UK tax laws and may be subject to change. Please note that Jupiter is not permitted to provide tax advice.
What we offer
Jupiter offers a choice of multi-manager funds, collectively known as the Jupiter Merlin Portfolios. Each portfolio is constructed differently so advisers can choose the one that best matches their client’s investment objectives and attitude to risk.
Meet the team
Jupiter Independent Funds Team
In 2001 the Jupiter Independent Funds team began managing a range of multi-manager portfolios to suit clients’ differing requirements. Through all the ups and downs in stock markets since then, the team’s investment philosophy and strategy have never wavered. The Jupiter Merlin Portfolios are long-term investments; while not immune from market volatility, they are expected to be less volatile over time, commensurate with the risk tolerance of each. With liquidity uppermost in their mind, the team seek to invest in funds run by experienced managers with a blend of styles but who share the Jupiter Independent Funds Team’s core philosophy of trying to capture good performance in buoyant markets while minimising as far as possible the risk of losses in more challenging conditions.
The Jupiter Merlin Portfolios are managed by the Jupiter Independent Funds team, consisting of fund managers John Chatfeild-Roberts, Algy Smith-Maxwell, Amanda Sillars, David Lewis, investment director Alastair Irvine, George Fox and Venetia Campbell.
With decades of industry experience between them, the Team, is completely focused on generating outperformance for their clients using the multi-manager concept. An important factor of their success is that the team sit with the rest of the investment talent at Jupiter, benefiting from the expertise and exchange of ideas with other highly skilled individuals.
Fund Specific Risks
For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.
All of the Jupiter Merlin portfolios carry the following fund risks:
- Currency (FX) Risk - The Fund can be exposed to different currencies and movements in foreign exchange rates can cause the value of investments to fall as well as rise.
- Pricing Risk - Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.
- Derivative risk - the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (this is also known as Efficient Portfolio Management or “EPM”). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund.
- Counterparty Risk - the risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets.
- Additionally, Jupiter Merlin Conservative Select, Jupiter Merlin Monthly Income Select, Jupiter Merlin Moderate Select, Jupiter Merlin Income Portfolio, Jupiter Merlin Balanced Portfolio and Jupiter Merlin Income & Growth Select have the following fund risk:
- Interest Rate Risk - The Fund can invest in assets whose value is sensitive to changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates e.g. the value of a bond tends to decrease when interest rates rise.
- Credit Risk - The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due.
- Furthermore, Jupiter Merlin Conservative Select, Jupiter Merlin Monthly Income Select, Jupiter Merlin Income Portfolio, Jupiter Merlin Balanced Portfolio and Jupiter Merlin Income & Growth Select have the following fund risk:
- Charges from capital - Some or all of the Fund’s charges are taken from capital. Should there not be sufficient capital growth in the Fund this may cause capital erosion.
Important Information
This document is intended for investment professionals and is not for the use or benefit of other persons, including retail investors. This document is for informational purposes only and is not investment advice. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.
The views expressed are those of the Fund Manager(s) at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given. Awards and Ratings should not be taken as a recommendation.
Issued by Jupiter Unit Trust Managers Limited (JUTM), registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, which is authorised and regulated by the Financial Conduct Authority.
No part of this document may be reproduced in any manner without the prior permission of JUTM.