View more on these topics

Jupiter scours emerging Europe

Jupiter Unit Trust Managers has designed an onshore unit trust that invests in European emerging markets such as Russia, Hungary and Poland.

The Jupiter emerging European opportunities fund will look for companies in Central and Eastern Europe that appear to offer good growth prospects, backed up by sound finances, solid business plans and competent management teams.

Elena Shaftan, the manager of the fund, has over seven years&#39 experience of investing in Eastern Europe. She joined Jupiter in 2000 after spending six years at AIB Govett Asset Management and currently manages the CB emerging European market equity fund, a Sicav that Jupiter manages on behalf of Commerzbank.

The desire of some Eastern European countries to join the European Union and the euro has lead to structural changes which have helped economic growth. Russia has been growing rapidly since the collapse of the Soviet Union in 1989 and Jupiter thinks this growth is likely to continue. It will invest 50 per cent of the fund in Russia.

Sophisticated investors who are looking for a high level of potential growth and who are prepared to take high risks may find this fund an attractive addition to their portfolio. However, global sentiment also affects Eastern Europe and the JPMorgan Fleming Asset Management into investor confidence for August 2002 shows that investors are still cautious. Few investors may have the appetite to invest in emerging European countries at present.

According to Standard & Poor&#39s, the Jupiter European fund is ranked fourth out of 89 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to September 6, 2002.

Recommended

MVRs illustrate all the defects of with-profits concept

In Inside Edge (Money Marketing, August 29),Peter Dornan seeks to justify the application of MVRs by the claim that “the MVR is only part of the overall with-profits mechanism, and should not be viewed in isolation”.But it is the product providers who are viewing the MVR in isolation, to the detriment of policyholders.What happened to […]

Global Asset Management – GAM Multi Arbitrage Fund

Wednesday, 11 September 2002 Type: Fund of hedge funds Aim: Growth by investing in fund of hedge funds Minimum investment: Lump sum $15,000 Place of registration: British Virgin Islands Investment split: 100% in fund of hedge funds Isa link: No Charges: Initial 5%, annual 1.76% Commission: Initial 3% Tel: 0800 919927

Towry in loan link-up with Holdsworth

National IFA Towry Law is setting up a specialist fee-based mortgage adviser in a joint venture with broker Holdsworth Financial Management to compete head-on with the likes of Charcol and Savills.The new London-based firm will be branded Towry Law Mortgage Services. It will absorb HFM and start trading in the middle of next month, headed […]

Outside Edge

This week, I found my interview notes from a consulting assignment in around 1990.A very senior person, who cannot be named because I have not asked his permission to use the quote, described a life company as “five warring tribes who came by accident to inhabit the same reservation”.Then I came across a pile of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com