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Jupiter Ecology enjoys higher inflows as Thomas celebrates 3rd year as manager << Back

Strong performance is resulting in higher inflows for Jupiter's Ecology unit trust.

The Fund, which was launched in 1988, has been managed for the past three years by Charlie Thomas. During this period the Fund has gained 64.67%, significantly ahead of the Global Growth sector average return of 39.44%. This performance places the Fund firmly in the first quartile (14th out of the 138 funds in the sector) over that time period.*
 
The past year has been particularly strong for the Fund. It is ranked 3rd out of 151 funds in the Global Growth sector over 12 months, with a return of 23.39% compared with 10.82% for the FTSE World Index and 11.72% for the Global Growth sector average.

Since the start of 2006, inflows into the Fund are 38% higher than the same period in 2005. Charlie Thomas, manager of the Jupiter Ecology unit trust, says this reflects increasing recognition among investors that you don't have to be green to invest in a SRI fund.

He says: "There has been a tremendous increase in demand for environmental solutions from individuals, companies and governments. This hasn't gone unnoticed by companies, who are increasingly keen to promote their green credentials. J Sainsbury, for example, has said sales of organic food rose 17% in the last quarter, compared to 5.7% overall for store sales. Going green is clearly having a positive effect on profits and it is my view that this will increase over the medium to long term."
 
The Jupiter Ecology Fund's performance has been driven by Charlie's rigorous approach to stock selection, which focuses on identifying stocks capable of delivering superior returns over the longer-term.

Companies in which the fund invests fall into one of two categories. Around three quarters of the assets are invested in companies that fit into one of Jupiter's six investment themes: water management, clean energy, green transport, waste management, sustainable living and environmental services. The remainder is invested in companies that are managing their environmental and social impacts, i.e. good governance companies.

The Fund currently holds 92 stocks, 48% of which are listed in the UK. Some 20% of the portfolio is invested in the US, with a further 19% in Europe and 5% in Asia. One business he favours in the UK is food manufacturer Cranswick, which is benefiting from increasing demand for premium high welfare and organic pork products. He also likes Itron, a US company that has a market-leading position in the supply of water meters.

To celebrate this strong performance, Jupiter is offering enhanced terms for investors. This special offer will enable advisers to rebate up to 4.25%** back to clients who invest or transfer a lump sum into the Jupiter Ecology Fund and/or the Jupiter Environmental Income Fund until 31 October 2006. Advisers can also choose to take the enhanced commission in full or rebating part or all of it to their clients.

- ENDS -

Notes to Editors:

* Source: Standard & Poor's Micropal 01.09.05 to 01.09.06 and 01.09.03 to 01.09.06, bid to bid, net income reinvested.
** Jupiter's standard commission payment is 3%.

Year on Year % Growth ending 31.08.2006
2001-2002 2002-2003 2003-2004 2004-2005 2005-2006
-23.9% -6.4% 1.8% 31.1% 23.4%

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