Posted inHead To Head

HEAD-TO-HEAD: Aberdeen Standard versus Jupiter

FSA compares two European equity products: The Aberdeen Standard Sicav European Equity Ex UK Fund and the Jupiter European Growth Fund.
by Francis Nikolai Acosta

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The three-year cumulative return of the ASI fund versus its benchmark index and sector (ex-UK benchmark and index) and the Jupiter fund versus its benchmark index and sector (including UK benchmark and index).

PERFORMANCE

The ASI and Jupiter funds have performed strongly, with both offerings beating their sector averages and benchmarks by a huge margin on a three-year cumulative basis, according to data from FE Fundinfo (see above).

This is also true longer-term. McDermott noted that in the past five years, both funds have generated stronger returns relative to their peers. The ASI fund performed 87.12%, while the Jupiter fund returned 68.37%, FE data shows. The sector averages for European ex-UK and European incl. UK equity funds are 50.02% and 41.36%, respectively.

“Both funds are naturally positioned to perform in a growth environment,” he said.

Discreet annual calendar performance (%)

Fund / index / sector YTD 2021 2020 2019 2018 2017 2016
Aberdeen Standard fund -1.14 17.62 31.02 -10.28 28.39 -2.82
FTSE World Europe ex UK 1.71 12.09 25.29 -14.75 28.66 0.35
Sector HKM Equity – Europe ex UK 1.21 12.29 25.12 -16.42 27.65 -3.19
Jupiter fund -0.18 13.4 26.95 -9.25 36.53 -13.43
FTSE World Europe incl. UK 2.57 6.48 24.59 -14.69 26.81 0.16
Sector HKM Equity – Europe incl. UK 1.85 6.44 22.2 -16.71 24.03 -4.61
Source: FE Fundinfo. In US dollars.

However, given that both are high-conviction portfolios, investors should expect that they can perform markedly different from their respective benchmarks as stock selection would be the primary driver of their performance, McDermott noted.

Both funds have similar volatility profiles and are less volatile than the broader market and their peers, FE Fundinfo data shows.

Three-year volatility

Fund / Index Volatility
Aberdeen Standard fund 20.34
FTSE World Europe ex UK 23.06
Sector HKM Equity – Europe ex UK 22.33
Jupiter fund 20.91
FTSE World Europe incl. UK 23.22
Sector HKM Equity – Europe incl. UK 22.11
Source: FE Fundinfo. In US dollars.

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