XP Inc. is bringing to its platform the first international fund of Jupiter, an asset manager based in London with 35 years of experience and US$ 80 billion in Assets Under Management (AUM).
The new offered fund is the Jupiter European Growth, focused on leading European-based companies that have Global operations, like Adidas, Dassault, Novo Nordisk, Pernod-Ricard and Deutsche Boerse. The fund consists of a concentrated portfolio of 35-45 holdings, focusing on large cap companies operating in sectors with attractive industry economics, high barriers to entry and sustainable competitive advantages.
The benchmark is the FTSE World Europe, that covers companies with these profiles. The fund has been overcoming the index systematically for periods like three and five years.
Launched 19 years ago, the product is co-managed by Mark Nichols e Mark Heslop since October 2019. Together, they have more than 30 years of experience with European companies. The strategy is based on the stock picking view, seeking consistent returns in the long term and considering ESG principles.
The fund will have a minimum investment of R$ 500, with a management fee of 1%.
With this launching, XP takes another step towards democratizing the offer of global products to its clients, a process that has already brought to the platform funds from globally recognized managers, such as JP Morgan, Fidelity, AXA and Wellington. With values starting at BRL 100, the investor can have access to products linked to different types of companies, from the most traditional to the most innovative, in markets such as Europe, China and the United States.
William Lopez, Head of Latin America & US Offshore at Jupiter commented:
“We are delighted to have signed this strategic partnership with XP and to play our part in expanding the range of international funds available in the Brazilian market. Jupiter European Growth offers Brazilian investors exposure to European equities via a strong investment team and a proven active strategy. We look forward to working closely with XP in the future to provide greater access to Jupiter’s investment expertise in Brazil.”
“Jupiter Asset Management have a huge expertise in European markets, so, for us bringing their funds to our platform is a real milestone. The Brazilian investors will have the opportunity to diversify their portfolio in a fund with world-class companies”, says Fabiano Cintra, funds specialist at XP.
For Magdalena Martínez