In response to client interest, we have created a suite of investment solutions to supplement the long-running, highly successful, and award-winning range of Jupiter Merlin Portfolios.
Additional coverage across the risk spectrum
The Select funds bring additional coverage across the risk spectrum to the full Jupiter Merlin range, enhancing the options that advisers have to meet the investment needs of their clients while keeping ongoing charges low – all while continuing to deliver the same high standard of investment management that Jupiter Merlin investors have known for over 20 years. It is the same team offering more choice for clients at keener prices.
Jupiter Merlin Income & Growth Select
Jupiter Merlin Moderate Select
Jupiter Merlin Monthly Income Select
Jupiter Merlin Conservative Select
The Jupiter Independent Funds team (from left): George Fox, Algy Smith-Maxwell, Venetia Campbell, David Lewis, Amanda Sillars , John Chatfeild-Roberts and Alastair Irvine
Same team
The Jupiter Merlin Select portfolios are managed by the Jupiter Independent Funds Team, the same highly experienced, award-winning team that have 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, diligently researching the breadth of the fund universe in a relentless search for investment excellence.
An important factor in the team’s success has been their unparalleled 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 down the cost.
More choice
We know your clients have a diverse set of investment needs, including a variety of risk appetites. The introduction of the Jupiter Merlin Select portfolios broadens the coverage of the full range across a wider array of risk profiles, so you have more options to identify a suitable fit for your clients.
| Jupiter Merlin (whole of market) | Jupiter Merlin Select | OCF1 | IA Sector | Defaqto rating2 | Dynamic Planner Rating3 |
|---|---|---|---|---|---|
| Jupiter Merlin Worldwide Portfolio | 1.51% | Global | 9 | 7 | |
| Jupiter Merlin Growth Portfolio | 1.49% | Flexible Investment | 8 | 7 | |
| Jupiter Merlin Balanced Portfolio | 1.49% | Mixed Inv. 40-85% Shares | 7 | 6 | |
| → Jupiter Merlin Income & Growth Select | 0.89% | Mixed Inv. 40-85% Shares | 6 | 5 | |
| Jupiter Merlin Income Portfolio | 1.40% | Mixed Inv. 20-60% Shares | 5 | 5 | |
| → Jupiter Merlin Moderate Select | 0.86% | Mixed Inv. 20-60% Shares | 4 | 5 | |
| → Jupiter Merlin Monthly Income Select | 0.80% | Mixed Inv. 0-35% Shares | 3 | 4 | |
| → Jupiter Merlin Conservative Select | 0.82% | Mixed Inv. 0-35% Shares | 3 | 4 |
1Source: Jupiter, GBP Acc units, as at 30.06.2024 | 2Source: Defaqto, April 2024 | 3Source: Dynamic Planner, Q2 2024
All else being equal, however, it is clear that lower fund charges are preferable, and to cater to our more cost-conscious clients the Jupiter Merlin Select range targets an OCF below 1%. The greater allocation to Jupiter funds helps drive these cost savings, while the breadth of the fund range and expertise of the talent in-house at Jupiter means no undue compromises need to be made on investment excellence.
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.