Portfolios to help meet your saving goals
In a world of ever-increasing choice and complexity, it can be hard for you to spot the best investment opportunities and avoid the biggest risks. A multi-manager portfolio makes your life easier by putting the task of researching, selecting and monitoring investments in the hands of experienced professionals.
Multi-manager portfolios – such as the Jupiter Merlin Portfolios – are one-stop investment solutions which invest in a variety of funds managed by some of the best and most experienced professional investors, all blended together by the team’s expertise.
What we offer
The Portfolios in the Jupiter Merlin range are designed to meet your needs with different appetites for taking risk in the search for investment rewards.
Expert investors at your service
Multi-manager portfolios take the hard work out of fund selection by researching, selecting and monitoring funds, then blending them together in a diversified portfolio. Over time you may have accumulated funds that no longer meet your investment goals or may simply be underperforming. Dedicated multi-manager portfolios can bring balance, focus and performance potential back to your investments.
A simple, high quality way to invest
A multi-manager fund provides the opportunity to own a diversified portfolio of funds all within one straightforward investment wrapper.
Having a dedicated team of professionals monitoring the market for you means that they can adjust to changing market conditions. What is more, they can use their buying power and professional status to give you access to investments that may not be available to private investors.
Analysis that is about more than just numbers
Understanding the skills and motivations of the people managing funds is key to delivering sustainable long-term performance.
Jupiter’s Independent Funds team conducts thorough analysis of the investment environment, aiming to identify key turning points in the market, alongside rigorous analysis of funds. They recognise, however, that investment is a people business as much as a statistical one, and that the personalities of the fund managers in whose funds the Jupiter Merlin Portfolios invest will have a bearing on both performance and risk management.
To enable them to understand the people behind the numbers, the team conducts over 250 one-on-one meetings with fund managers each year. These meetings will typically discuss the manager’s interpretation of the economic environment and its impact on their fund, its asset class and related strategies as well as a deep-dive analysis of that manager’s investment philosophy, process and style. They will also talk about their work and even their home environment, where it could have a bearing on performance.
ESG & stewardship
The Jupiter Independent Funds team know that investing in shares and bonds comes with responsibilities. The team encourage the managers of funds in which they invest to exercise their duties as asset owners or financiers to best effect. This includes considering environmental, social, and governance (ESG) factors and incorporating good stewardship principles when investing, engaging with companies and voting with a view to delivering the best outcome for all stakeholders.
A straightforward and tax-efficient choice
Investing in a multi-manager portfolio can dramatically reduce the amount of paperwork and time you spend on administration. Multi-manager portfolios can potentially be UK tax efficient too, as the trades made within the portfolio do not trigger a capital gains tax liability . This is based on our understanding of current UK tax laws and may be subject to change. Please note that Jupiter is not permitted to provide tax advice.
What we offer
Jupiter offers a choice of multi-manager funds, collectively known as the Jupiter Merlin Portfolios. Each portfolio is constructed differently so advisers can choose the one that best matches your investment objectives and attitude to risk.
| Jupiter Merlin (whole of market) | OCF1 | IA Sector | Defaqto rating2 | Dynamic Planner Rating3 |
|---|---|---|---|---|
| Jupiter Merlin Worldwide Portfolio | 1.59% | Global | 9 | 7 |
| Jupiter Merlin Growth Portfolio | 1.49% | Flexible Investment | 8 | 7 |
| Jupiter Merlin Balanced Portfolio | 1.49% | Mixed Inv. 40-85% Shares | 7 | 6 |
| Jupiter Merlin Income & Growth Select | 0.89% | Mixed Inv. 40-85% Shares | 6 | 5 |
| Jupiter Merlin Income Portfolio | 1.40% | Mixed Inv. 20-60% Shares | 5 | 5 |
| Jupiter Merlin Moderate Select | 0.86% | Mixed Inv. 20-60% Shares | 4 | 5 |
| Jupiter Merlin Monthly Income Select | 0.80% | Mixed Inv. 0-35% Shares | 3 | 4 |
| Jupiter Merlin Conservative Select | 0.82% | Mixed Inv. 0-35% Shares | 3 | 4 |
1 Source: Jupiter, GBP Acc units, as at 31.12.2024 | 2 Source: Defaqto, October 2024 | 3 Source: Dynamic Planner, Q3 2024
The Jupiter Merlin portfolios range is made up of eight actively managed, ‘ready-made’ investment portfolios – taking some of the day-to-day burden off an advisor’s shoulders.
These funds vary in their investment remit from a cautious portfolio to the more adventurous. The aim of the range is to meet your clients’ investment needs for capital growth and/or income.
We know your clients have a diverse set of investment needs, including a variety of risk appetites. That’s why we have worked hard to expand the scope of the Jupiter Merlin portfolios range so that it covers a broad range of the risk spectrum, while trying to keep overall costs down.
As fund selectors themselves, the Jupiter Independent Funds team know that cost is just one of many factors that goes into choosing an investment fund. Ultimately, the return clients receive net of all fees is paramount.
All else being equal, however, it is clear that lower fund charges are preferable, and to cater to our more cost-conscious clients the Jupiter Merlin Select range targets an OCF below 1%. A greater allocation to Jupiter funds helps drive these cost savings, while the breadth of the fund range and expertise of the talent in-house at Jupiter means no undue compromises need to be made on investment excellence.
The Jupiter Independent Funds team (from left): George Fox, Algy Smith-Maxwell, Venetia Campbell, David Lewis, Amanda Sillars , John Chatfeild-Roberts and Alastair Irvine
Meet the team
The Jupiter Merlin Select portfolios are managed by the Jupiter Independent Funds Team, the same highly experienced, award-winning team that have stewarded the Jupiter Merlin range since it began.
Under the leadership of John Chatfeild-Roberts and David Lewis, these expert investors are completely focused on generating outperformance for their clients using a multi-manager approach, diligently researching the breadth of the fund universe in a relentless search for investment excellence.
An important factor in the team’s success has been their unparalleled access to the rest of the investment talent at Jupiter, benefiting from the expertise and exchange of ideas with other highly skilled individuals. The Jupiter Merlin Select portfolios bring this advantage to the fore, increasing the typical allocation to in-house managed Jupiter funds to help bring down the cost.
Fund Specific Risks
For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.
All of the Jupiter Merlin portfolios carry the following fund risks:
- Currency (FX) Risk - The Fund can be exposed to different currencies and movements in foreign exchange rates can cause the value of investments to fall as well as rise.
- Pricing Risk - Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.
- Derivative risk - the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (this is also known as Efficient Portfolio Management or “EPM”). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund.
- Counterparty Risk - the risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets. Additionally, Jupiter Merlin Conservative Select, Jupiter Merlin Monthly Income Select, Jupiter Merlin Moderate Select, Jupiter Merlin Income Portfolio, Jupiter Merlin Balanced Portfolio and Jupiter Merlin Income & Growth Select have the following fund risk:
- Interest Rate Risk - The Fund can invest in assets whose value is sensitive to changes in interest rates (for example bonds) meaning that the value of these investments may fluctuate significantly with movement in interest rates e.g. the value of a bond tends to decrease when interest rates rise.
- Credit Risk - The issuer of a bond or a similar investment within the Fund may not pay income or repay capital to the Fund when due. Furthermore, Jupiter Merlin Conservative Select, Jupiter Merlin Monthly Income Select, Jupiter Merlin Income Portfolio, Jupiter Merlin Balanced Portfolio and Jupiter Merlin Income & Growth Select have the following fund risk:
- Charges from capital - Some or all of the Fund’s charges are taken from capital. Should there not be sufficient capital growth in the Fund this may cause capital erosion.
Important Information
This document is for informational purposes only and is not investment advice. We recommend you discuss any investment decisions with a financial adviser, particularly if you are unsure whether an investment is suitable. Jupiter is unable to provide investment advice. Past performance is no guide to the future. Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. The views expressed are those of the authors at the time of writing are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances. For definitions please see the glossary at jupiteram.com. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given. Company examples are for illustrative purposes only and not a recommendation to buy or sell. Jupiter Unit Trust Managers Limited (JUTM), registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ are authorised and regulated by the Financial Conduct Authority. No part of this document may be reproduced in any manner without the prior permission of JUTM.