Fund to watch: Jupiter North American Income

Sebastian Radcliffe, who joined Jupiter as an analyst in the US equities team back in 1998, has run the Jupiter North American Income fund for 13 years.

The objective of the £527 million fund is to achieve long-term capital growth and income by investing primarily in North American securities - particularly blue-chip companies. A look at the latest fund factsheet illustrates the point with Comcast, Bank of America, AIG, Microsoft, Pfizer, Chevron and JPMorgan Chase among the largest positions.

To find out whether this region is the best sector for you to invest in, read: The Briefing: North America.

There are 64 holdings in the fund with the top 10 names accounting for 28.1% of assets under management. As far as sectors are concerned, financials has the largest share with 22.5%, followed by 15.3% in healthcare, 14.4% in consumer services, 11% in technology and 10.5% in industrials.

The remaining areas - each of which are less than 10% - include oil & gas, consumer goods and basic materials.

Patrick Connolly of Chase de Vere is a fan: "This is a core US fund targeting good quality household-name companies, which are making money and are at attractive valuations," he says. "The fund can get left behind when markets race ahead but outperforms when they are falling."

Radcliffe's investment style, which combines top-down and bottom-up analysis, starts with an assessment of the investment environment to identify key themes.

Once these ideas are in place he looks for stocks that will consistently beat their cost of capital and thus increasing the possibility of providing investors with superior returns.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.