Posted inHead To Head

HEAD-TO-HEAD: JP Morgan vs Jupiter

FSA compares two European equity growth funds: the JP Morgan Europe Dynamic (ex-UK) Fund and the JGF-Jupiter European Growth Fund.
by Rupert Walker

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Manager review

Both funds benefit from the stewardship of highly experienced and skilled fund managers.

Alexander Darwall has been at Jupiter since 1995, covering European equities from the start of his career at the firm. He took over the reins of the European growth fund in 2007 and had to endure a baptism of fire a year later when the global financial crisis erupted.

He survived to “build a great reputation based on a long, sustained track-record”, said Kandlur. FE has awarded Darwall an alpha manager rating, while Morningstar also recognises his talent with a Gold badge.

“Darwall also has a team of co-managers that includes Luca Emo and Jorden Guillot, who are also very experienced,” said Kandlur, “which is important, both because of the size of the fund and the intensity of work necessary to identify a concentrated portfolio of growth stocks.”

That intensity is perhaps not so necessary at the JP Morgan fund, where screening plays such an important role in the investment process. Nevertheless, mature discretion is also a major requirement in order to prioritise the many behavioural factors that are used to build its investment models.

“The three co-managers of the fund have spent their careers at JP Morgan, are very experienced and exercise solid judgement,” said Kandlur.

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