Posted inHead To Head

HEAD-TO-HEAD: Jupiter versus Nordea

FSA compares two global mixed-asset products: the Jupiter Merlin International Balanced Portfolio and the Nordea 1 Stable Return Fund.
by Francis Nikolai Acosta

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Conclusion

The Jupiter fund receives a five-star Morningstar rating and an analyst rating of Bronze. The Nordea product receives two stars and an analyst rating of Bronze.

Morningstar’s star rating looks at historical-adjusted performance and the analyst rating is based on forward-looking analysis.

McDermott pointed to the difference in aims of the two funds, with Jupiter more aggressive and Nordea more defensive. A choice would depend on investor preference.

However, he prefers the Jupiter fund to the Nordea product.

“The Nordea’s fund’s aim is to preserve shareholders’ capital over a three-year investment horizon and provide a stable, positive rate of return on investment. But far from being stable, performance has been quite unpredictable and it has disappointed over most time scales,” he said.

“I really like the team at Jupiter and rate them very highly. They have proved themselves to be very adept at not only getting asset allocation right but also picking the right underlying funds in the right amounts at the right time.”

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