Jupiter Financial Opportunities Income Units
At a glance
| Initial charge | 5.25% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.77% |
| Launch date | 02-06-1997 |
| Launch price | £0.50 |
| Sector | Specialist |
| Fund size | £708 million |
| Number of holdings | 27 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Although the fund has not been completely immune from the falls in the market, its defensive strategy has paid off enormously. Philip Gibbs believes that there are still downside risks in the market and he has been increasing the fund’s cash positioning at the expense of fixed interest. In terms of the stocks, he is staying away from the US and UK financials preferring to invest in businesses where the growth prospects are brighter.
Full research
About the Fund Manager
Philip Gibbs
Located in: London
Philip Gibbs is a graduate of Cambridge University. In 1983 he qualified as a chartered accountant with Peat Marwick Mitchell. Between 1983 and 1990 he worked for Laing and Cruickshank as a stockbroking analyst specialising in the equities of UK financial companies. Between 1990 and 1997 he performed the same role for BZW. Philip became a Director of Jupiter Asset Management in April 1997.
Philip has managed the Jupiter Financial Opportunities Fund since its launch in May 1997. He also manages the Jupiter Second Split Trust Plc Investment trust, Jupiter Global Financials SICAV and a hedge fund.
Income details
| Historic yield | 1.60% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 May 2008 |
|---|---|
| Payment date ³ | 30 June 2008 |
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Top 10 holdings
| US Treasury Principal Strip 15/02/36 | 9.14% |
|---|---|
| France (Republic Of) 0% 25/10/32 | 8.40% |
| DnB NOR ASA | 7.84% |
| US Treasury Strip 15/02/37 | 7.45% |
| US Treasury Principal Strip 15/11/27 | 4.50% |
| Norway (GOVT) 6% 16/05/11 | 4.38% |
| Zurich Financial Services AG | 3.34% |
| Aviva | 3.27% |
| HBOS | 3.10% |
| Alpha Bank S.A. | 3.01% |
Top 10 sectors
| Bonds | 33.86% |
|---|---|
| Cash and Equiv. | 26.45% |
| Banks | 20.90% |
| Nonlife Insurance | 8.04% |
| Life Insurance | 5.42% |
| Non-Classified | 2.64% |
| Equity Investment Instruments | 1.50% |
| Travel & Leisure | 0.77% |
| Nonequity Investment Instruments | 0.41% |
Top 10 countries
| Cash and Equiv. | 26.45% |
|---|---|
| United States | 22.07% |
| United Kingdom | 13.20% |
| Norway | 12.23% |
| France | 8.40% |
| Greece | 4.79% |
| Non-Classified | 3.62% |
| Switzerland | 3.34% |
| Germany | 2.42% |
| Austria | 1.83% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 19-11-2008. Data accurate as at 31/08/2008.
