Portfolios to help meet your clients’ 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 the needs of your clients 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, so that you can spend more time with your clients. Over time your client may have accumulated funds that no longer meet their investment goals or may simply be underperforming. Dedicated multi-manager portfolios can bring balance, focus and performance potential back to your client’s 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 your clients 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 for your client. 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 their client’s investment objectives and attitude to risk.

Fund Specific Risks

 

Jupiter Merlin Balanced Portfolio

 
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.

Jupiter Merlin Growth Portfolio

 
  • 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.

For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.

Jupiter Merlin Income Portfolio

 
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.

Jupiter Merlin Worldwide Portfolio

 
  • 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.

For a more detailed explanation of risk factors, please refer to the “Risk Factors” section of the Scheme Particulars.

The fund may be subject to other risk factors, please see the Scheme Particulars for further information.

 

This is a marketing communication. Investors should carefully read the Key Investor Information Document (KIID), Supplementary Information Document (SID) and Scheme Particulars, particularly to the fund’s investment objective and characteristics including those related to ESG (if applicable), before making any final investment decisions. These are available from the document library.

Important Information

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 Jupiter Merlin Conservative Portfolio can invest more than 35% of its value in securities issued or guaranteed by an EEA state. Jupiter Merlin Income, Jupiter Merlin Balanced and Jupiter Merlin Conservative: all of these Portfolios’ expenses are charged to capital, which can reduce the potential for capital growth.

 

The NURS Key Investor Information Document, Supplementary Information Document and Scheme Particulars are available from the document library.