Jupiter expands European strategy with smaller companies fund launch

Ridhima Sharma
clock
Jupiter expands European strategy with smaller companies fund launch

Jupiter has launched the Jupiter European Smaller Companies fund. Managed by Jupiter's co-head of European Growth, Mark Heslop, the fund manager will look to achieve long term capital growth by investing in small-cap European names (excluding the UK) which the manager believes will benefit from significant growth over the medium to long term.

The Jupiter European Smaller Companies fund will sit alongside the almost £4.9bn Jupiter European fund and £1.7bn Jupiter European Growth fund within Jupiter's flagship European Growth Strategy and will follow the same investment philosophy as the all-cap European funds: using bottom-up analysis seeking to identify high quality, high-return businesses whose equity is mispriced or undervalued by markets, exploiting this anomaly aiming to generate alpha.

The unconstrained fund will invest in a high conviction, concentrated portfolio of approximately 50-60 smaller companies that are listed in, or heavily exposed to Europe. These companies can be defined as any company that is, at the time of investment, smaller by market capitalization than the 225th company in the FTSE World Europe (ex-UK) Index.

Heslop joined Jupiter in October 2019 from Columbia Threadneedle where he delivered top quartile performance for investors in European small companies for almost 10 years, running over £2.7bn of European smaller company assets. 

He will be supported in running the Jupiter European Smaller Companies fund by the wider European team, including fellow co-head of European Growth Mark Nichols and assistant fund manager Sohil Chotai. The three managers have managed European assets as a team since 2015.