Having bought Jupiter Global Technology back in March when it was launched, you can imagine my disappointment when it lost at least 35% of its value in no time at all. It has struggled back to around the 40p mark but nowhere near its launch price of 50p. Thinking of selling it to cut my losses, ... Read review
Advantages: Identical performance to Aberdeen Technology. Small fund and so flexible. Disadvantages: Had a rocky start due to poor timing of launch.
Having bought Jupiter Global Technology back in March when it was launched, you can imagine my disappointment when it lost at least 35% of its value in no time at all. It has struggled back to around the 40p mark but nowhere near its launch price of 50p. Thinking of selling it to cut my losses, I did a comparison with other funds in the same sector. Forget the crash, that's history and there's nothing you can do about it. Look at the performance ... ...Technology - it matches almost point for point and the two are inseperable. I used the "power chart" facilities on the Money Extra web site to do the comparison and that convinced me that if I was continuing to hold Aberdeen then it made no sense to sell Jupiter. In fact, since the crash it has made 30% growth, which is a very respectable performance in 6 months, let's hope it continues - I'm holding.
Having bought Jupiter Global Technology back in March when it was launched, you can imagine my disappointment when it lost at least 35% of its value in no time at all. It has struggled back to around the 40p mark but nowhere near its launch price of 50p. Thinking of selling it to cut my losses, I did a comparison with other funds in the same sector. Forget the crash, that's history and there's nothing you can do about it. Look at the performance since then and compare it with the likes of Aberdeen Technology - it matches almost point for point and the two are inseperable. I used the "power chart" facilities on the Money Extra web site to do the comparison and that convinced me that if I was continuing to hold Aberdeen then it made no sense to sell Jupiter. In fact, since the crash it has made 30% growth, which is a very respectable performance in 6 months, let's hope it continues - I'm holding.
As a new fund it is quite small and so with good management its greater flexibility should make it a better performer than the giants such as Aberdeen, Henderson, etc.
Advantages: Still cheap when looking at historical value Disadvantages: Went down like a lead baloon with all tech stocks
I started buying this fund early 2002 when I believed tech stocks had been beaten down more than they deserved. The fund had fallen big time in value and everyone was talking about how techs were finnished and how they would never come back again. Being the contrarian that I am this was a big flashing buy signal for me. I am a great believer in technolgy firing the imagination of the public, and I actualy think the bubble we saw in 1999 was only ... ...future years.
While most people laugh at the idea of "new economy" now, I think they had it spot on. It got inflated way to quickly though and hence the markets overeacted as always and punnished all things tech. Think about it we becoming more and more reliant on the internet, most businuess will be conducted on it in years to come. When all households are fully hooked up to the internet (this is becoming reality very quickly) then the true boom ...
mkpdavies 03.09.2004
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Ciao members have rated this review on average: helpful Review of Jupiter Global Technology Fund
Advantages: errrrrr potential???????/ Disadvantages: In a very volatile market,
On a recommendation from a relative and because of the buoyouncy (SP?) of the tech markets last year, I piled £1k of my hard earned cash into this dog. And if it was a dog it'd be quite a nice dog which has fallen on bad times, very bad times.
On a comparison with other stocks in it's sector, its not fallen(percentage wise) by as much but from its starting price of 50p is now in the low 20's.
So what's the future? grin and bear it I guess but I ... ...and solid IT stocks over the next 6 months, some of which I am sure will be taken over. Also it would be nice to see them put a small percentage into safer stocks to steady and maybe increase the price. When techs come back in, they sell and move money back 100% into tech stocks.
What do i know anyway, the long and short of it is stay clear of unit trusts of this sort until the signs are looking better. I'd say there's still a bit more to fall off ...
sjl02 11.04.2001
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Ciao members have rated this review on average: helpful Review of Jupiter Global Technology Fund
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Advantages: New fund, excellent growth to date, excellent management Disadvantages: Technology sector can be volatile
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