The Jupiter Undervalued Assets Fund seeks to achieve long-term capital growth by investing mainly in UK companies the manager believes have recovery potential. It looks to outperform both its peer group and the FTSE All-Share Index. As such, the manager seeks undervalued stocks with earnings potential which may have gone unnoticed by the rest of the stock market.
The fund manager, Steve Davies, prefers a value approach as he believes that stocks bought on a lower valuation offer a lower downside risk and therefore a greater margin of safety should sentiment turn. However, if he believes that there are opportunities available via growth stocks, these will be included in the portfolio.
Fund manager
Steve Davies assumed management of the Fund in January 2012. Patrick Harrington managed the Fund prior to this.
Key fund facts
- Focus is on companies with characteristics such as a strong track record, good cash flow, high barriers to entry and a quality management team, yet shares which appear to be materially undervalued
- Chances of capital loss are minimised by the manager sometimes taking reasonable cash positions to wait for entry prices to reach more attractive entry levels
Downloads
Fund factsheet