Fund of the week: The secret is good timing
For this successful fund that is always poised to snap up a bargain, timing is everything.
Guy de Blonay, manager of the Jupiter Financial Opportunities Fund, may be the envy of many fund managers invested in emerging markets. In 2012, his fund was 25% invested there, but de Blonay got out as soon as the US Federal Reserve hinted it might taper' its bond-buying scheme. "So far we've timed the correction in emerging markets well," he told Investors Chronicle.
Following this rout, he is now thinking about snapping up some bargains, but the timing is crucial. "The challenge is to time the return," he says. "We still have a bit of Japan and China but nothing in India, Brazil, Russia or Southern Pacific Asia. We're looking for a good entry point."
The fund's overall goal is to achieve capital growth by looking for major investment themes in the international financial sector, and seeking out "mispriced" shares in financial firms. It has to hold the same weighting in British firms as its benchmark, the MSCI All Country World Financial Index, but investment elsewhere is unconstrained. So currently it is 45% invested in North America, 28% in Europe and 20% in Britain, with 39% of holdings in financial services, 31% in banks and 16% in insurance.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
De Blonay thinks the banking sector has cleaned up its act since the financial crisis and is now "fit for purpose", while there are opportunities for investors to benefit from its recovery stories.
Contact: 0844-620 7600.
Axa | 2.89% |
LSE Group | 2.82% |
UBS | 2.81% |
ING | 2.72% |
Morgan Stanley | 2.65% |
Prudential | 2.49% |
Discover Financial Services | 2.24% |
Schroders | 2.06% |
Lloyds Banking Group | 2.03% |
Sumitomo Mitsui Financial | 2.01% |
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published