WHY ALLOCATE TO SILVER ALONGSIDE PHYSICAL GOLD?

Including silver in the portfolio offers the potential for higher returns than a pure gold allocation. Silver prices tend to follow gold. Silver typically ncreases in value faster than gold when precious metal prices are rising. But because silver markets are smaller, silver prices also decline faster when both metals are falling.

Silver also has dual importance as an industrial component, as well being a monetary store of value.

There is growing demand for silver for use in green technologies, such as photovoltaic cells for solar panels, and it is widely used in electronics! Silver can be found in solar cells, water purifiers, touch screen & smartphones, electric vehicles and semiconductors.

Important information

  • Investment risk – there is no guarantee that the Fund will achieve its objective. A capital loss of some or all of the amount invested may occur.
  • Sector concentration risk – the Fund’s investments are concentrated in natural resource companies, and may be subject to a greater degree of risk and volatility than a fund following a more diversified strategy. Silver tends to outperform gold in a rising gold price environment and it tends to underperform gold when sentiment moves against the sector.
  • Strategy risk – as the Fund invests in other collective investment schemes, which themselves invest in assets such as bonds, company shares, cash and currencies, it will be subject to the collective risks of these other funds. This may include emerging markets risk and smaller companies risk.
  • Company shares (i.e. equities) risk – the value of Company shares (i.e. equities) and similar investments may go down as well as up in response to the performance of individual companies and can be affected by daily stock market movements and general market conditions. Other influential factors include political, economic news, company earnings and significant corporate events.
  • Concentration risk (number of investments) – the Fund may at times hold a smaller number of investments, and therefore a fall in the value of a single investment may have a greater impact on the Fund’s value than if it held a larger number of investments.
  • Smaller companies risk – smaller companies are subject to greater risk and reward potential. Investments may be volatile or difficult to buy or sell.
  • Liquidity risk – some investments may become hard to value or sell at a desired time and price. In extreme circumstances this may affect the Fund’s ability to meet redemption requests upon demand.
  • Currency risk – the Fund can be exposed to different currencies. The value of your shares may rise and fall as a result of exchange rate movements.
  • Derivative risk – the Fund may use derivatives to generate returns as well as to reduce costs and/or the overall risk of the Fund. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment. Derivatives also involve counterparty risk where the institutions acting as counterparty to derivatives may not meet their contractual obligations.

 

For a more detailed explanation of risks, please refer to the “Risk Factors” section of the prospectus.

Meet the team

About the fund manager

Ned joined the company from Merian Global Investors and manages the Jupiter Gold & Silver Fund. He has nearly two decades of experience in precious metals investing, having founded a dedicated monetary metals fund in 2009 at Quilter Cheviot. Ned began his career at Smith & Williamson and graduated from the University of Bristol in 1998 with a BA (Hons) in Spanish.

Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The performance datadoes not take account of the commissions and costs incurred on the issue and redemption of shares. The value of investments and the income from them may go down as well as up and investorsmay not get back the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value ofoverseas investments to rise or fall.


This communication provides information relating to a fund known as Jupiter Gold & Silver Fund (the “Fund”), which is a sub-fund of Jupiter Asset Management Series plc. Jupiter Asset Management Series plc is an investment company with variable capital established as an umbrella fund with segregated liability between sub-funds which is authorisedand regulated by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, asamended. Registered in Ireland under registration number 271517. Registered office: 33 Sir John Rogerson’s Quay, Dublin 2, Ireland.


This communication is issued by Jupiter Asset Management (Switzerland) AG (“Jupiter”), Löwenstrasse16, 8001 Zurich, Switzerland, a distributor of Jupiter Asset Management Series plc.


This communication has been prepared for general information only. It does not purport to be all-inclusive or contain all ofthe information which a proposed investor may require in order to make a decisionas to whether to invest in the Fund. Nothing in this document constitutes a recommendation suitable or appropriate to a recipient’s individual circumstances or otherwise constitutes a personal recommendation. No investment decisions should be made without first reviewing the prospectus and the key investor information document of the Fund which can be obtained from www.jupiteram.com in English and other required languages.


The Fund has not been approved for offering to non-qualified investors in or from Switzerland by the Swiss Financial Market Supervisory Authority FINMA (“FINMA”). First Independent Fund Services Ltd., Klausstrasse33, CH-8008 Zurich is the Swiss representative and BNP Paribas Securities Services, Paris, succursalede Zurich, Selnaustrasse16, CH-8002 Zurich is the Swiss paying agent in relation to the shares of the Fund (“Shares”) distributed, offered or marketed in or from Switzerland. Accordingly, the Shares and the relevantfund documents and any offering material relating to the Fund and/or the Shares may only be distributed, offered or marketed in or from Switzerland to qualified investors as defined in art. 10 para. 3of the Federal Act on Collective Investment Schemes of 23 June 2006 and its implementing ordinances, as amended from time to time, and the most current practice of the FINMA and the competent courts. In respect of the Shares distributed in or from Switzerland, the place of jurisdiction is at the registered office of the Swiss representative.

 

The net asset value of the Fund may have high volatility due to the nature of the asset class invested. Your attention is drawn to the stated investment policy which is set out in the Fund’s prospectus.