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Jupiter Financial Opportunities

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  • musehead
    musehead Posts: 389 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I bought at exactly the wrong time just over 2 years ago into about 12 funds. This is only of only 3 or 4 that are showing a profit since then. So it's one of my better ones.
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    lemon26 wrote: »
    I know it's not criticism, it's just that investing is totally new to me so I have been looking every day and I know that it's stupid to expect immediate returns - it's just me!! Once the novelty of it has worn off I will probably only look once a month but I'm in the process of building my portfolio at present too so do have a look at it for balances etc quite regularly. Over the long-term this fund should be a good one as banks are pretty low at the moment in my opinion.
    The Jupiter Financial Opps fund is quite specialist for someone who is just starting out. Because it only focuses on a very specific area, it puts a lot of your eggs in one basket. It's great if that area does will, but if there is another scare in the banks, would a high proportion of your total portfolio be at risk?
  • Fairwinds
    Fairwinds Posts: 776 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I have been lucky enough to hold this fund virtually from inception (1997) and have just recived the paperwork about this offer to move some money to the new funds.

    I hadn't heard anything about this before it dropped through the letter box and now am in a quandry what to do.

    I am concerned that Mr Gibbs will spend significantly less time on the old fund while the others are being set up and new.

    Anyone any advice
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    boogienights wrote: »
    I wouldn't go for the Absolute return fund as don't think Gibbs has a track record of running one of these?
    He's run Jupiter Hyde Park Hedge Fund on an Absolute Return basisI believe since inception. He hasn't made a discrete year loss (at least not in the last 5yrs) on that Fund and has a 5yr cumilative return of 80%.

    CityWire FACTSHEET.
  • lemon26
    lemon26 Posts: 242 Forumite
    I think I will split my current investment in the Financial Opportunities fund 50:50 between it and the new international financials fund, banks have had such a hard time recently there should be good long-term growth in the financial sector (I hope....).
  • Fairwinds
    Fairwinds Posts: 776 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I was thinking 50%, 30%, 20% (global) but was more than happy with what i had this morning.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    GordonD wrote: »
    I am concerned that Mr Gibbs will spend significantly less time on the old fund while the others are being set up and new.

    Anyone any advice

    Maybe, Guy De Blonay is being lined up for the old fund :confused:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • lemon26
    lemon26 Posts: 242 Forumite
    I had considered putting a small percentage into the Absolute Return fund but I don't understand what an absolute return fund is so am wary for that reason. I've also only got a small amount (although it is 22% of portfolio) in the FO fund so if I split it between 3 funds there would be even less in each which I'd still have to pay fees on etc.
  • lemon26
    lemon26 Posts: 242 Forumite
    edited 26 November 2009 at 12:32PM
    Got the paperwork from Fidelity this morning explaining about the funds, would it be best until the new funds have built up a track record or is it best to get in at inception?
  • dunstonh
    dunstonh Posts: 119,678 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ould it be best until the new funds have built up a track record or is it best to get in at inception?

    Tell you in a few years time.

    There is no way to tell. There really isnt. Some funds do well on launch others dive and its after that when its best to buy. You can only invest with an informed decision if you feel the objective of the fund is what you are looking for with part of your portfolio.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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