bank exposure fund

sabretoothtigger

Credit difficulties date back to the start of 07 afaik but not everyone saw the domino effect it would have, hedge funds suffered first as they were most leveraged, etc
The story I read says the chain of failure does not end till normal population realise the total loss


I dont remember it either at the time but hsbc wrote off 10bn feb 2007
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Financial_market_impacts.2C_2007


That jupiter fund is 72% in cash, incredible. Obviously a guy betting on a big fall, not even rbs at 10p is worth it apparently

Since launch this is the best performing fund in the UK, returning 651% since June 1997

4% gain in the last year
http://www.h-l.co.uk/funds/fund_research_documents/sedol/0479019

Ian_W

cloud_dog wrote: »

Nope............. I'd go with Phillip Gibbs, Jupiter Financial Opps............. Funnily enough I have :j

The man must have something about him, he started moving out of financial equities in November 07. I'm happy to let him make the judgement calls for moving back in to financial equities.

cloud_dog

Me too, me too!! :j

But the OP asked for:

shazkhan111 wrote:

... a fund with high exposure to banks

Which really isn't Jupiter Financial Ops at the mo. Presume the poster wants to take a punt on bank shares recovering - rather than use a more measured investment approach to Financials like you and I?

jon3001

jon3001 wrote: »

I think Alistair Darling has one.

Found it:
UK Financial Investments Limited
http://www.ukfi.gov.uk/

Remember: as a UK tax payer you already have massive exposure to the banking sector.

Count_Dante

You could just directly buy the shares - a third of the funds you want to invest in RBS, a third in Barclays and a third in Lloyds-HBOS, say. You can buy shares for £1.50 per trade at some places.

cloud_dog

Ian_W wrote: »

Me too, me too!! :j

But the OP asked for:

Which really isn't Jupiter Financial Ops at the mo. Presume the poster wants to take a punt on bank shares recovering - rather than use a more measured investment approach to Financials like you and I?

Ah, well, yes, but.............

The fund will usually hold a large exposure to finacial equities, Fund Aim:

"To achieve long-term capital growth principally through investment in equities of financial sector companies on an international basis, but with an emphasis on companies based in the UK."

So if the fund manager is not prepared to hold a large bank/finacial equity exposure atm then perhaps now is not the time. I think the fund is in am excellent position at it allows the manager to cherry pick equity investments going forward (when the time may be better).

cloud_dog

clairbear_3

avoid banks till 2012 if any left
or buy and sell individual shares with each slump/rally
the jupiter man is rightly cautious

mr_fishbulb

turbobob wrote: »

If you fancy an ETF there's the DB X-tracker DJ Stoxx 600 Banks (XS7R), which invests in a range of UK and European banks - http://www.dbxtrackers.co.uk/EN/showpage.asp?pageid=143&inrnr=151&pkpnr=214

Do you get dividends from stocks in a tracker?

tradetime

mr_fishbulb wrote: »

Do you get dividends from stocks in a tracker?

Depends on the tracker, but often yes, you should always check, if it is important to you. The two I posted above pay quite high dividends.