Jupiter's Alex Darwall stands by management style

The manager of Jupiter Unit Trust Managers’ top-ranking £1.1bn European offering has said the fund’s recent strong performance has vindicated his management style.

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Alex Darwall pursues a buy and hold strategy and only backs companies with strong balance sheets and earnings.

He also favours holdings with exposure to global themes - as opposed to purely European ones - such as emerging markets growth.

Recent weeks have seen the fund placed first in the IMA Europe Excluding UK sector over three months and a year – however over three years the vehicle languishes in the third quartile.

Darwall said: "The numbers are the numbers, it’s a bit of a vindication. I use the same style whether it’s a bull or bear market. I try to pick companies I like and I do it irrespective of sentiment or fashion."

The fund has returned 61.4 per cent over three years until 6 May 2008, under-performing the IMA Europe Excluding UK sector, which returned 63.5 per cent. It is ranked 46th out of 85 funds in the peer group, according to Morningstar.

For more information, see this week's issue of Investment Adviser (19th May).



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