Jupiter European Opps - JEO

jimjames

aroominyork wrote: »

Charting the OEIC against the IT over ten years is interesting. The OEIC shows 5 year/10 year gains of 78.2%/325.1%, while the IT is 60.5%/535.5%. So from 2009 to 2014 the IT was streets ahead - something like 280% to 135% - while from 2014 to 2019 the OEIC performed better. Does anyone know the reason?

Could it be charges? Post RDR the OEIC may be significantly cheaper but I doubt that would have as much impact as 18% so it can only be the difference in holdings over that time. Earlier period could be different holdings and impact of gearing.

short_butt_sweet

or the IT may have used gearing.

aroominyork

short_butt_sweet wrote: »

or the IT may have used gearing.

To outperform the OEIC by over 100%? Gearing could only have played a minor role in that.

MPN

Sue58 wrote: »

I was thinking it may be a good time to invest a little money into JEO as the share price is quite low and it’s trading at a discount.

Anybody else tempted to invest at this time?

I must admit I am tempted to up my holding. Unfortunately, I invested in JEO at a high share price of 857 and its now 686 and trading at a 5% discount. The reason is I'm keen to smooth out the average share price in my overall holding so now may be an opportunity to do this.

Voyager2002

How does it compare with European Asset Trust (EAT)?

MPN

Voyager2002 wrote: »

How does it compare with European Asset Trust (EAT)?

I wouldn't really say you could compare the two. EAT is income/yield focused and in the European Smaller Companies sector whereas JEO is orientated towards growth so has a much smaller yield/dividend.

londoninvestor

MPN wrote: »

EAT is income/yield focused and in the European Smaller Companies sector

Quite a bit of the yield EAT provides to investors comes from selling shares to provide dividends - to what extent does it focus on getting high yield stocks in its portfolio?

aroominyork

MPN wrote: »

I must admit I am tempted to up my holding. Unfortunately, I invested in JEO at a high share price of 857 and its now 686 and trading at a 5% discount. The reason is I'm keen to smooth out the average share price in my overall holding so now may be an opportunity to do this.

I really don’t get this ‘smoothing out’ approach. Surely it’s nothing more than kidding yourself. You bought an investment, the price falls, you see “-10%” so double your investment so that it reads “-5%”. Surely the only issue is whether the additional purchase is the best investment to make now.

StellaN

MPN wrote: »

I must admit I am tempted to up my holding. Unfortunately, I invested in JEO at a high share price of 857 and its now 686 and trading at a 5% discount. The reason is I'm keen to smooth out the average share price in my overall holding so now may be an opportunity to do this.

In my opinion if you increase your holding to reduce the overall share price paid its still a gamble. At the moment nobody knows the true extent of the problems at Wirecard so the share price might fall even further. I personally feel that is one of the problems with having such a high conviction top holding at 17%. As an example, some investors feel that the 9% top holding in Amazon by SMT is too high so Wirecard at 17% is nearly double that!

StellaN

londoninvestor wrote: »

Quite a bit of the yield EAT provides to investors comes from selling shares to provide dividends

I'm not too sure if that is sustainable over the long term.