Jupiter European Special Situations Fund > Reviews > A Fund With A Prosperous Future

Author's product rating:   

Short-term performance	Average
Long-term performance	Excellent
Rating of sector performance/potential	Good
Quality of fund management	Good
Competitiveness of charges/costs	Good

Advantages:	Young, small and flexible .   Superb but brief historic performance .
Disadvantages:	Little movement in price for several months .

Recommend to potential buyers:

yes

Full review

Jupiter European Special Situations fund was set up less than two years ago and has already seen growth of 140%. Virtually all of that growth was made in the first year but what sets this fund apart from many others, is that it has held on to those gains through what has been one of the most volatile years for shares around the world. Even though the Euro has slipped in value by 30% or so, over the last year, the fund has maintained its value in Sterling terms. When the Euro recovers, as we are led to believe it will, this will be translated into a 30% gain.

I bought into this one in January of this year and have no qualms whatsoever about holding. The fund size currently stands at about £140 million, which is miniscule for a European fund. This means it is flexible and can react much more quickly to changes in trends as there is a much smaller amount of stock to be bought and sold. Whilst the fund is classified in the “Europe Excluding UK” category, there is a small holding of 5.6% in the UK. The one year growth for this fund is 46.6% so let’s look forward to similar performance in the future.