Chris Smith joined Jupiter in June 2020. He is a fund manager in the UK Growth team and is responsible for managing the Jupiter UK Growth Fund. Before joining Jupiter, Chris was a portfolio manager in the equity opportunities team at Newton. He joined Newton in 2010 as a global research analyst and moved to the portfolio management team in 2016, becoming a UK equities portfolio manager in 2017 with lead responsibility for the UK opportunities strategy. Chris graduated from the University of Bath with a Bsc in Business Administration and is a CFA charterholder.
Fund objective
Objective The Fund objective is to provide a return, net of fees, higher than that provided by the FTSE All Share Index over the long term (at least five years). Policy At least 70% of the Fund is invested in shares of companies that are based in the UK (i.e. are incorporated, headquartered or which conduct a majority of their business activity, in the UK). Up to 30% of the Fund may be invested in other transferable securities (including shares of companies based anywhere in the world), open-ended funds (including funds managed by Jupiter and its associates), cash, near cash, money market instruments and deposits. The Fund may use derivatives (i.e. financial contracts whose value is linked to the expected price movements of an underlying investment) with the aim of reducing the overall costs and/or risks of the Fund. Strategy The fund manager will apply a disciplined process to identify shares of companies which are considered to have potential for growth from their current level. The Fund will tend to invest in a carefully selected number of companies where the manager has the highest conviction. Benchmarks Target benchmark – FTSE All Share Index The FTSE All Share Index is an industry standard index and is one of the leading representations of UK stock markets. It is easily accessible and provides a fair reflection of the Fund Manager's investment universe and a good relative measure to assess performance outcomes. Comparator benchmark – IA UK All Companies Sector Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to help investors to compare funds with broadly similar characteristics. This Fund is classified in the IA UK All Companies Sector. Active Management The Fund is actively managed. This means the fund manager is taking investment decisions with the intention of achieving the Fund's investment objective; this may include decisions regarding asset selection, regional allocation, sector views and overall level of exposure to the market. The fund manager is not in any way constrained by the benchmark in their portfolio positioning, and will not hold all, or indeed may not hold any, of the benchmark constituents. Recommendation This fund may not be suitable for investors who plan to withdraw their capital within 5 years.