Jupiter Emerging European Opps

hyposmurf

This fund has been doing well,but recently it doesnt appear to be performing a well.I realise this is partly due to sub prime problems,but any idea what else is going on?Maybe the upcoming Russian election on March 2,ECB not lower interesting rate and strong euro?

purch

The fund has over 60% Invested in Russia.

In January the Russian Stock MArket was looking a little 'dicey' technically wise, and although it has pulled back from those levels it still has a way to go before I would be 100% comfortable.

I have quite a few directly held stock, and also Funds in this region so I tend to watch it closely.

Over the last 3 months performance has been similar to the Neptune Russia & Greater Russia fund, which if it holds above 3 quid is ok.

You can't worry about short term volatility with a Fund of this type.

MrMicawber_2

Agree with purch.

Elena Shaftan seems very well thought of as a manager. It is an emerging markets fundsso bound to be volatile and you need to take a long view. I've got a bit and it has done really well for several years but just now along with everything else is going through a sticky period.

hyposmurf

Thanks for the feedback.I'm not overly worried as I am looking at investing for the long term,however I still like to keep an eye on my investments,was wondering what might be causing this stall of progression.This is one of my favourate funds, like where the fund invests and Elena Shaftan has good reputation/in depth knowledge of the major areas.

jamesd

I don't think the short term things that may be related to uncertainty over the elections are a problem. Latin America is one area that's been moving strongly in the last month or two, while China-related and South-East Asia regional funds have been similar to Jupiter Emerging European Opportunities.