Active isn't dead, it's just that Jupiter's active is predominantly focused on a market, the UK, that is dying to global investors. |
Earnings update tomorrow I fear the worst Rathbones updated today and pretty much ticked every box in a dire active fund management envoironment and they are still down. |
is that acceptance that active fund management as we know it is dead?
performance will be everything |
About time :hTtps://www.ft.com/content/ac1d4bdb-ef98-4016-99c7-465ecb936b14 |
Deutsche Bank cuts Jupiter Fund price target to 95 (100) pence - 'hold' |
Jup have some good products..Japan, Asia Inc funds, India fund, Global Equity Abs Return, monthly income bond..2 problems though...they're just not big enough and most of their investors are retail..they need big institutional flow...but its not coming quick enough.
I wouldn't buy Jup but I would go for some of their funds, for me that's a better way to play it. The GEAR fund for example averages about 10% a year for the last 5 or so years...overlay that with Jup... |
clarea says a lot of sense above
ftse all time high should equate to soaring fund managers, but many are at multiyear lows. their business model is breaking. performance is everything, look at terry smith atm. only niche areas can beat the market i suspect.
also agree jup in a trading range but i hope to get out near the top
which uk listed stock has the biggest sales in tracker funds, L&G? |
Agree re Gam , Liontrust also best avoided re anything like a merger as they are in a truly dreadful mess, only two ways out they have either got to sort the business model out and somehow get funds flows positive (very difficult when US sucking in most of the worlds capital) or they need to conserve capital, reduce costs, try and turn performance around and hope someone buys them for a decent premium.
I have bought it as a range trade, I work in wealth management and meet fund managers daily the whole active industry in the UK is in big trouble with passive US passive trackers sucking in near all free capital.
Most of the UK active managers look cheap but if they can't reverse outflows they won't have a business in 3-5 years time as most bar Polar Capital and lesser degree Prem Miton are seeing huge outflows. |
I can see the interest was at a time when the market cap was nearly five times higher than today. Things are different now.
Last week everyone was high fiving uk equities again saying they are now very undervalued so they will rise again |
"who wants to increase their exposure to UK equities?"
Nuff said... |
As I said..plenty of companies have looked at Jupiter but none have bitten yet...who wants to increase their exposure to UK equities? |
Look at Ashmore funds, performance and investor mix. Its different.
Why would the share price take off because of advertising in a newspaper? Institutions have the big money..they don't invest based on a picture in the Times. |
Ashmore has same AUM but generates more profit. Market cap is nearly 3 times ours. What’s so different?
In the Sunday newspapers I see Jup and a few other big names promoting their funds. Surely the share
Price will take off again soon |
Thanks
Seems ETFs the way forward |
GAM is a disaster zone of a company. Best avoided.
Liontrust offers some synergies for sure and is probably a better fit.
Jup could do with more diversification away from its 85% equity business. |
Looking at the size of GAM I wonder why we didn’t just buy their whole operation. Same goes for Liontrust. Anyone familiar or who works in the sector have an idea why? |
With shares starting to hit a bull run, AUM will rise, fees/revenue up. When the tide turns is when M&A hots up. Surely we are a takeover target or will we buy others for scale?
&1-£1.30 surely possible in Q2? |
News from Liontrust and Brooks Macdonald won't be helping sentiment towards this sector today.
I bought yesterday as it was bang on support it is cheap as chips but if they don't find ways of reversing flows they will be getting cheaper, hoping for a bounce but won't be hanging around if they fall through 70p. |
ta Mr Roper |
Msci argentina etf |
I took a subscription out with motley fool recently. I saw they had tipped jup at 150p.
Cancelled the subscription and got my money back!
If the changes in Argentina don't trigger a revolution I agree it's definitely worth a punt. But how? Lots of Latin American funds are mixed with countries I don't want exposure to. And I don't want to buy a bloody farm there!
Also note that no jupiter Latin America fund |
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