Jupiter UK Dynamic Equity
Previously called Jupiter UK Special Situations
Managed with a distinct contrarian and value-based approach, Jupiter UK Dynamic Equity fund offers investors access to a well-diversified portfolio of predominantly larger UK companies. Alex Savvides took over management of this fund in October 2024 following long-standing manager Ben Whitmore's departure. The fund’s investment objective and risk profile will remain unchanged. Alex is hugely experienced and has had considerable success running this type of mandate throughout his career.
Our Opinion
Fund Manager
Expand
Fund Manager
Close
Alex Savvides spent 21 years at J O Hambro Capital Management, where he was manager of the Elite Rated JOHCM UK Dynamic fund, a strategy which he developed and launched in 2008. Alex spent his early investment career at three independent UK stockbroking firms. He is a Fellow of the CISI and holds a BA in Politics from the University of Nottingham.
Alex Savvides spent 21 years at J O Hambro Capital Management, where he was manager of the Elite Rated JOHCM UK Dynamic fund, a strategy which he developed and launched in 2008. Alex spent his early investment career at three independent UK stockbroking firms. He is a Fellow of the CISI and holds a BA in Politics from the University of Nottingham.
Read More
Risk
Read more
Back
Company Description
Founded in 1985, Jupiter Asset Management has grown from a specialist investment boutique to a global fund management company. It provides a range of products from bond and equity funds to multi-asset strategies for both retail and institutional clients. Jupiter is a strong proponent of active management and therefore gives its managers the freedom to run their funds their way, without having to adhere to a 'house' view. In July 2020, Jupiter completed its acquisition of Merian Global Investors.
Fund Performance
Close
Risk
Close
Talking Factsheet
Investment process
Alex follows a methodical and well-defined investment philosophy. In essence, he looks to buy stocks that are out-of-fashion with the market. He identifies these companies by screening to find cheap stocks and analysing their 10-year average earnings. Unlike most of his peers Alex does not forecast a company’s future earnings. He points out that analyst forecasts almost always turn out to be wrong. Suitable candidates for Jupiter UK Dynamic Equity fund are subjected to rigorous fundamental research, with Alex looking to weed out businesses with weak balance sheets and poor competitive positions. Alex can typically hold up to 75 stocks and as few as 35, depending on market conditions. The process of realising value with contrarian ideas often takes time and so the average holding period for a stock is likely to be several years, with fund turnover consequently low.
Risk
Despite the stylistic nature of the fund’s investment process, it has historically been less volatile than the market. The fund has a greater weight to larger companies versus many of its peers and this often helps its performance in a falling market.
ESG
ESG - Limited
Alex’s approach with this fund is to work on the concept of stewardship, which includes sustainability and governance considerations. There is, however, no formal policy for exclusions and no set ESG definitions for what is or isn’t an acceptable portfolio holding. That said, Alex wants to look after investors’ money as if it were his own. As part of this, he will consider all risks to a stock when looking at making an investment. Many of these risks will come under the umbrella of environmental, social or governance factors, but they do not sit within a simple disclosure framework, and he does not label them as such.
The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund nor of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating. All performance data, as well as fund size, OCF, AMC, annual income (historic), share price discount or premium, is sourced directly from FE Analytics, and will change periodically.