We seek investments in growth and quality companies, and last year the market chose to forget about the long-term prospects of some of these businesses. We remained patient and retained our long-term focus. Europe has some great companies benefiting from powerful long-term structural themes and with attractive valuations, in my view.
Couple that with the drive around the green economy, where European companies also excel, and that creates a powerful combination for those capital goods and semi-conductor equipment companies. It’s not a huge surprise to see those two sectors doing quite well.
We’re looking for the best businesses that are quoted in Europe. We are agnostic to both the sector and country they’re in. It’s all about each individual business’ competitive position, within their respective industries, and the health of their long-term growth prospects.
The value of active minds: independent thinking
A key feature of Jupiter’s investment approach is that we eschew the adoption of a house view, instead preferring to allow our specialist fund managers to formulate their own opinions on their asset class. As a result, it should be noted that any views expressed – including on matters relating to environmental, social and governance considerations – are those of the author(s), and may differ from views held by other Jupiter investment professionals.