Jupiter Financial Opportunities Fund

cloud_dog

Old_Slaphead wrote: »

One for the researchers; any specific reason?

I'm not getting in to this again.............

swiss69

Personally I think that the guy who runs this fund is a pretty shrewd bloke or just got lucky. Either way the fund has held up very well due to him dumping banking shares and getting into cash and bonds. Could be a good investment over a 5-10 year Investment term. I am sure he will be lookin g at well run banks and Financial services companies who can maintain a reasonable dividend.

jamesd

opinions4u wrote: »

Might work but:

1) Cost of preference shares dividend at 12% is high.
2) Opportunity for housing market lead growth restricted by wholesale funding issues.
3) Little or no ordinary dividends.
4) A £17bn hole in the FSCS that the banks have to maintain the interest on and potentially repay the capital for in the future.

It's a global fund, not a domestic one, so that's not of great relevance.

Here are the top ten holdings for August 2008, most of which are clearly bonds:

US Treasury 15-Feb-2036 9.10%
France 25-Oct-2032 8.47%
DNB NOR ASA 7.83%
US Treasury 15-Feb-2037 7.42%
US Treasury 15-Nov-2027 4.48%
Norway, Kingdom of 6.000% 16-May-2011 4.37%
Zurich Financial Services AG 3.33%
Aviva Plc 3.25%
HBOS Plc 3.08%
Alpha Bank AE 2.99%

That's at least 45% non-UK investment just from the top ten. The 31 July regional weighting had just 14.5% in the UK.

When looking at the charts remember that this is an income fund, so pick the total return charting option if you want to compare it with accumulation funds or you'll lose the effect of the income on past returns.