We have created a suite of investment solutions to supplement the long-running range of Jupiter Merlin Portfolios.

Same team

The Jupiter Merlin Select portfolios are managed by the Jupiter Independent Funds Team, the same highly experienced team that has stewarded the Jupiter Merlin range since it began. Under the leadership of John Chatfeild-Roberts and David Lewis, these expert investors are completely focused on generating outperformance for their clients using a ‘multi-manager’ approach, whereby the team research and select funds to build a diversified portfolio of investments.

The Jupiter Independent Funds Team has unrivalled access to the rest of the investment talent at Jupiter, benefiting from the expertise and exchange of ideas with other highly skilled individuals. The Jupiter Merlin Select portfolios bring this advantage to the fore, increasing the typical allocation to in-house managed Jupiter funds to help bring ongoing fund charges down.

The Jupiter Independent Funds team (from left):
George Fox, Algy Smith-Maxwell, Venetia Campbell, David Lewis, Amanda Sillars , John Chatfeild-Roberts and Alastair Irvine 

More choice

The introduction of the Select funds broadens the coverage of the full Jupiter Merlin range.

OCF = Ongoing Charges Figure, which represent the total ongoing charges deducted from the assets of a fund, which includes the annual management fee charged by the investment manager. Defaqto and Dynamic Planner provide independent risk ratings of investment funds; these are commonly used by financial advisers to assist in their assessment of whether a fund is suitable for their client’s needs. If you are unsure about whether any fund is right for you then you should consult an advisor. The latest information on the Jupiter Merlin Portfolios’ ongoing charges can always be found in our fund centre.

Keener price

As fund selectors themselves, the Jupiter Independent Funds Team know that cost is one of many factors that goes into choosing an investment fund.

To cater to our more cost-conscious clients, the Jupiter Merlin Select funds target an Ongoing Charges Figure (OCF) below 1%. The greater allocation to Jupiter funds helps drive these cost savings, while the breadth of Jupiter’s fund range and expertise of our in-house talent means no undue compromises need to be made on investment excellence.

Important Information

This is for informational purposes only and is not investment advice. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice. Past performance is no guide to the future. 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 authors 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. For definitions please see the glossary at jupiteram.com. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.

Fund 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 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, 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.