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Jupiter Merian Global Equity Absolute Return Z2 Hedged Acc GBP

ISIN: IE00BLP5SC44 | MEX: VOAAFR | CITI: JDVU

  • Buy 149.92 GBX

  • Sell 149.92 GBX

  • Price Change 0.02000%

Accumulation

Past Performance

  • 27th Apr 2019 to 27th Apr 2020-10.33%
  • 27th Apr 2020 to 27th Apr 202112.22%
  • 27th Apr 2021 to 27th Apr 20227.73%
  • 27th Apr 2022 to 27th Apr 20239.34%
  • 27th Apr 2023 to 27th Apr 202412.89%
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Objectives and Approach

Objective: capital growth, while closely controlling risk. The Fund also aims to deliver an absolute return (above zero performance, irrespective of market conditions) over rolling 12 month periods. In seeking to achieve its investment objective, the fund will aim to deliver a return, net of fees, in excess of the Federal Reserve Funds Target Rate over rolling 3 year periods. For performance measurement purposes, the cash benchmark will differ for non-base currency classes. The Fund also aims to achieve its objective within an annualised volatility limit of 6 per cent.The Fund may invest in company shares and similar investments listed or located anywhere in the world. The Fund uses derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment), with the aim of generating returns and reducing the overall costs and/or risks of the Fund. The Fund will adopt a structured neutral position (balancing long and short positions aiming to build a portfolio with zero market exposure) at all times. The Fund will hold a long position (benefit from buying an asset with the aim of selling it later at a higher price relative to the market) in an investment expected to outperform the market, and short (benefit from the sale of an asset with the aim of buying it later at a lower price relative to the market) an investment expected to underperform the market. The Fund can take long and short positions through the use of derivatives, which may result in the Fund being leveraged. Leverage magnifies the exposure of the Fund to greater than the underlying investments. In such situations, returns may rise or fall more than they would have done otherwise, reflecting such additional exposure. The Fund is actively managed. Portfolio construction is driven by systematic analysis of companies against several distinct characteristics including stock price valuation, balance sheet quality, growth characteristics, efficient use of capital, analyst sentiment and supportive market trends to identify attractively priced investment opportunities.

Key Information

Inception 17th Feb 2014
Historic Yield 0%
Sector IA Targeted Absolute Return
Fund Size £2099.182mn
Fund Type ICVC
Classification Accumulation

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		1.6254%
Initial Charge 0%
AMC 0.60%
Performance Fee 20%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Our charges for assets above £250,000 are shown on our rates and charges sheet 		0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here 		0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		1.6254%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

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      Current Comparators


      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        1.52% 2.86% 4.61% 12.89% 32.97% 33.81%

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      131,031 bytes PDF Document; last updated 31 Mar 2024
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      61,726 bytes PDF Document; last updated 16 Feb 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      6,719,481 bytes PDF Document; last updated 31 Dec 2022
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      6,045,972 bytes PDF Document; last updated 30 Jun 2023
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      3,852,007 bytes PDF Document; last updated 12 Mar 2024
      GET ADOBE READER

      Management Team

      Amadeo Alentorn Ian Heslop

      Amadeo Alentorn has managed this fund for 14 years and 9 months.

      Amadeo Alentorn Amadeo joined Old Mutual in 2005 and is a fund manager and head of research in the global equity team. Prior to joining Old Mutual, he developed simulation models for systemic and liquidity risk for the Financial Stability Group at the Bank of England, and worked as a software developer for CAD systems and for robotic applications. He holds a BEng in robotics from the University of Plymouth, an MSc in computer science, and a PhD in computational finance from the University of Essex. He is a CFA charterholder.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Amadeo

      Name of Security Sole/Co Managed Since
      Jupiter Mr As Pcf Co Dec 2011
      Jupiter MrNAEqIRL Co Nov 2013
      Jupiter MrWrldEq Co Jun 2013
      Jupiter API Co May 2018
      Jupiter MrGblEq Co Aug 2008
      Jupiter MrNtAmEq Co Aug 2008
      Jupiter MrNAEqIRL Co Nov 2013
      Jupiter API Co May 2018
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter API Co May 2018
      Jupiter MrNtAmEq Co Aug 2008
      Jupiter MrNtAmEq Co Aug 2008
      Jupiter MrNtAmEq Co Aug 2008

      Ian Heslop has managed this fund for 14 years and 9 months.

      Ian Heslop Ian joined Old Mutual in 2000 and is head of global equities at Old Mutual Global Investors. He manages a range of hedge and retail funds and segregated mandates, including market neutral and long only funds. Ian boasts more than 20 years of investment experience and the team has won numerous awards for its funds. Prior to joining Old Mutual, Ian was a UK quantitative fund manager at Barclays Global Investors. He holds an MA in chemistry from the University of Oxford and a PhD in medicinal chemistry, University of Edinburgh. He is an associate of the Society of Investment Professionals.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Ian

      Name of Security Sole/Co Managed Since
      Jupiter Mr As Pcf Co Dec 2011
      Jupiter MrNAEqIRL Co Nov 2013
      Jupiter MrWrldEq Co Jun 2013
      Jupiter API Co May 2018
      Jupiter MrGblEq Co Nov 2007
      Jupiter MrNtAmEq Co Nov 2007
      Jupiter MrNAEqIRL Co Nov 2013
      Jupiter API Co May 2018
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter MrGblEqIn Co Jul 2015
      Jupiter API Co May 2018
      Jupiter MrNtAmEq Co Nov 2007
      Jupiter MrNtAmEq Co Nov 2007
      Jupiter MrNtAmEq Co Nov 2007

      Investment involves risk. You may get back less than invested.