Head To Head

HEAD-TO-HEAD: Jupiter versus Ninety One

FSA compares two gold products: the JGF-Jupiter Gold and Silver Fund and the Ninety One Global Gold Fund.

by Rupert Walker 25 June 202128 June 2021

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Source: FE Fundinfo. Three-year cumulative returns in US dollars.

Performance

The Jupiter Gold and Silver Fund has generated a 64.38% three-year cumulative return, compared with one of its benchmarks, the FTSE Gold Mines index, which posted 53.67% during the same period, according to FE Fundinfo.

“In addition, the Jupiter fund has recorded exceptionally strong performance during the past five years,” said McDermott.

“The past two years have been particularly impressive for the fund,” he said.

The Ninety One Global Gold Fund has achieved a three-cumulative return of 52.03%, close to the FTSE Gold Mines index, and well above the 23.40% average return by equity-commodity products available to Singapore retail investors, FE Fundinfo data shows.

“The Ninety One fund has also performed well during the past five years, with the strongest returns generated in 2019 and 2020,” said McDermott.

“The weakest calendar year for both funds was 2018,” he noted, and both products are volatile.

The Jupiter fund’s annualised volatility is 36.70% and Ninety One’s is similar, at 36.78%, over the past three years, according to FE Fundinfo.

Discrete calendar year performance

Fund/Sector	YTD*	2020	2019	2018	2017	2016
Jupiter	-4.41%	40.47%	41.83%	-20.43%	10.66%	n/a
Ninety One	-9.70%	25.00%	37.18%	-6.61%	10.71%	46.86%
Equity – commodity	16.28%	19.15%	32.17%	-14.46%	8.30%	30.71%

Source: FE Fundinfo. Annual returns in US dollars. *31 Dec 2020 – 25 June 2021

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