Jupiter Absolute Return Accumulation

Does this situation sound familiar? You have made your mind up to take a position in a share, bond or currency. Having thought about it for a period of time, at the final hurdle the price goes up. This puts you in a quandary. Do you go ahead or not? How many times has it deterred you, resulting in a missed profit? Similarly, many investors lament taking profits early or not selling a losing investment that has disappointed further.

Imagine if you had the foresight to move seamlessly between different types of investment. You could have held Japanese Yen in 2008, making over 70% in Sterling terms, and sailed through the worst financial crisis in living memory. You could have then put your money in the FTSE 100 at the beginning of 2009, and enjoyed a 22% increase by the end of the year. This is why we believe many investors should consider a new breed of fund that allows fund managers complete freedom to move between a comprehensive range of assets in search of the best performance. Funds of this nature can provide positive returns no matter what is happening in the economy or the market.

This approach is entirely reliant on the skill of the fund manager, as if they make the wrong decisions, the fund could lose money, even in a rising market. It is therefore vital to have a wise head at the helm. Philip Gibbs, manager of the Jupiter Absolute Return is a seasoned investor with a history of making successful calls on the stock market and the economy. His track record of timing the market is well established in the Jupiter Financial Opportunities Fund. Famously he reduced his stock market exposure at the end of 2007 and protected investors from the worst of the falls in 2008.

The fund comes equipped with a complete toolbox. This includes the capacity to 'short' and the ability to hold cash, currencies and bonds. In fact the entire armoury a fund manager might need to make money - and to shelter investors from falling asset prices too. Philip Gibbs will also not be afraid to run big cash positions should he consider it necessary. He is a manager with the experience and talent to adapt quickly to the economic landscape as it changes. However, nobody makes the correct calls all the time, and past performance is no guide to the future.

The Jupiter Absolute Return Fund aims for returns of 8 to 10% a year, placing emphasis on risk control. It is therefore suitable for more cautious investors looking for consistent returns not dependent on stock market performance. It does have a performance fee, but in this case we firmly believe it is worth paying.