Total return: distributions reinvested. In USD, the currency of the share class shown. The benchmark is in CHF, not converted. Fund history to 29.09.2026. Benchmark history to 31.08.2026. The table shows each series at its own ending date; the comparison periods are not identical. Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
1M
3M
6M
YTD
2025
2024
2023
1Y
3Y
5Y
Volatility
Sharpe R.
Max DD
FundISIN IE00BLP5S684, currency USD, retail share class
1.35
4.69
4.85
5.61
16.54
10.96
9.93
12.78
12.41
11.30
3.67
1.97
-1.86
BenchmarkSARON
-0.00
-0.01
-0.03
-0.04
0.13
1.34
1.46
-0.06
0.67
0.47
–
–
–
Differencefund minus benchmark, in percentage points
1.35
4.70
4.88
5.65
16.41
9.62
8.46
12.84
11.75
10.82
–
–
–
Within the list: OpenList — Alternatives
Compared with the alternative funds on OpenList — Alternatives (25 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
This fund
Group median
Position
Return 1Y
12.78
9.40
8 of 25
Return 3Y p.a.
12.41
11.35
11 of 25
3Y p.a. over its own benchmark
11.75
2.46
1 of 25
Volatility 3Y
3.67
5.42
4 of 25
Sharpe ratio 3Y
1.97
1.34
2 of 25
Max drawdown 3Y
-1.86
-3.40
3 of 25
Management fee
0.75%
1.01%
6 of 23 (2 without a value)
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
Jupiter Merian Global Equity Absolute Return Fund is a global equity market neutral absolute return fund designed for capital growth while closely controlling risk. It aims to deliver above-zero performance over rolling 12-month periods and returns above the US Effective Federal Funds Rate over rolling 3-year periods, within an annualised volatility limit of 6%. The PRIIP document classifies it as risk class 2 out of 7 and gives a recommended holding period of 5 years. It is intended for retail investors, including those with no financial industry experience, who can accept that some or all capital may be lost; its market-neutral long/short structure makes it a distinct, specialist portfolio component rather than a conventional directional global equity holding.
Investment strategy
The fund’s objective is capital growth with closely controlled risk, while aiming for an absolute return over rolling 12-month periods and, net of fees, a return above the US Effective Federal Funds Rate over rolling 3-year periods. It invests no less than 51% in company shares and similar investments listed or located anywhere in the world, and uses derivatives both to generate returns and to reduce overall costs and/or risks. The fund maintains a structured market neutral position at all times by balancing long and short positions, and can obtain those exposures through derivatives, which may create leverage. The named cash benchmark is the US Effective Federal Funds Rate, used as the performance target reference, and the share class is an accumulation class in USD with a recommended holding period of 5 years.
Investment philosophy
• The fund invests globally in listed company shares and similar investments, with at least 51% in equities, and it keeps a structured market neutral stance by balancing long and short positions.
• Portfolio construction is driven by systematic analysis of companies across several characteristics: stock price valuation, balance sheet quality, growth characteristics, efficient use of capital, analyst sentiment and supportive market trends.
• The portfolio can take long positions in investments expected to outperform and short positions in those expected to underperform, with derivatives used to implement exposures and manage costs and risks.
• As at 31.08.2026, the fund had 749 long holdings, gross exposure of 196.5%, net exposure of -0.8%, and total long and short exposure of 198.6% and -98.6% respectively, with cash of 100.8%.
• Current top long holdings were Adobe, Comcast Class A, Walt Disney, Ping An Insurance (Group) Co of China and ASML Holding; sector long exposure was highest in Financials, Information Technology and Health Care, while the largest regional long exposures were DM Americas, EM Asia, and DM Europe & Middle East.
The asset manager
The manager is Jupiter Asset Management (Europe) Limited, and the factsheet states that the product is a sub-fund of Jupiter Asset Management Series PLC. The report is issued under Jupiter branding and identifies the strategy as part of The Systematic Equities Team within Investment Management. The management company is authorised in Ireland and supervised by the Central Bank of Ireland. The documents also refer to Jupiter Asset Management (Switzerland) AG for Swiss issuance of the material.
Strengths
The fund is differentiated by its global equity absolute return mandate combined with a structured market neutral long/short approach that aims for above-zero returns irrespective of market conditions. It combines systematic stock selection with explicit risk control through a stated 6% annualised volatility limit and a cash-rate-based return objective rather than comparison with a market index. The strategy is broad in implementation, with global long and short positions across regions and sectors and extensive use of derivatives to express views and manage costs or risk. The share class has no entry or exit charge, an ongoing charges figure of 0.80%, and a minimum initial investment of USD 1,000,000.
Risks
The PRIIP summary risk indicator classifies the fund as 2 out of 7, while noting that investors could lose some or all of their investment. The documents specifically identify derivative risk, because a small movement in an underlying investment may result in a disproportionately large movement in the derivative position, and the fund’s long/short market neutral structure can be leveraged. Counterparty default risk is also named in relation to derivatives contracts and custodians, while pricing risk reflects that financial asset values can rise or fall and may be amplified in more volatile markets. Additional named risks include Stock Connect risk, charges from capital potentially causing capital erosion, ESG data risk from incomplete, inaccurate or inconsistent third-party data, ESG-related selection risk versus broader markets, and currency risk where the investor’s payment currency differs from the fund’s.
WSP report
Ask WSP which research is available for this fund and what it covers.
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years. – means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero. Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
Jupiter Merian Global Equity Absolute Return Fund is a global equity market neutral absolute return fund designed for capital growth while closely controlling risk. It aims to deliver above-zero performance over rolling 12-month periods and returns above the US Effective Federal Funds Rate over rolling 3-year periods, within an annualised volatility limit of 6%. The PRIIP document classifies it as risk class 2 out of 7 and gives a recommended holding period of 5 years. It is intended for retail investors, including those with no financial industry experience, who can accept that some or all capital may be lost; its market-neutral long/short structure makes it a distinct, specialist portfolio component rather than a conventional directional global equity holding.
Investment strategy
The fund’s objective is capital growth with closely controlled risk, while aiming for an absolute return over rolling 12-month periods and, net of fees, a return above the US Effective Federal Funds Rate over rolling 3-year periods. It invests no less than 51% in company shares and similar investments listed or located anywhere in the world, and uses derivatives both to generate returns and to reduce overall costs and/or risks. The fund maintains a structured market neutral position at all times by balancing long and short positions, and can obtain those exposures through derivatives, which may create leverage. The named cash benchmark is the US Effective Federal Funds Rate, used as the performance target reference, and the share class is an accumulation class in USD with a recommended holding period of 5 years.
Investment philosophy
• The fund invests globally in listed company shares and similar investments, with at least 51% in equities, and it keeps a structured market neutral stance by balancing long and short positions.
• Portfolio construction is driven by systematic analysis of companies across several characteristics: stock price valuation, balance sheet quality, growth characteristics, efficient use of capital, analyst sentiment and supportive market trends.
• The portfolio can take long positions in investments expected to outperform and short positions in those expected to underperform, with derivatives used to implement exposures and manage costs and risks.
• As at 31.08.2026, the fund had 749 long holdings, gross exposure of 196.5%, net exposure of -0.8%, and total long and short exposure of 198.6% and -98.6% respectively, with cash of 100.8%.
• Current top long holdings were Adobe, Comcast Class A, Walt Disney, Ping An Insurance (Group) Co of China and ASML Holding; sector long exposure was highest in Financials, Information Technology and Health Care, while the largest regional long exposures were DM Americas, EM Asia, and DM Europe & Middle East.
The asset manager
The manager is Jupiter Asset Management (Europe) Limited, and the factsheet states that the product is a sub-fund of Jupiter Asset Management Series PLC. The report is issued under Jupiter branding and identifies the strategy as part of The Systematic Equities Team within Investment Management. The management company is authorised in Ireland and supervised by the Central Bank of Ireland. The documents also refer to Jupiter Asset Management (Switzerland) AG for Swiss issuance of the material.
Strengths
The fund is differentiated by its global equity absolute return mandate combined with a structured market neutral long/short approach that aims for above-zero returns irrespective of market conditions. It combines systematic stock selection with explicit risk control through a stated 6% annualised volatility limit and a cash-rate-based return objective rather than comparison with a market index. The strategy is broad in implementation, with global long and short positions across regions and sectors and extensive use of derivatives to express views and manage costs or risk. The share class has no entry or exit charge, an ongoing charges figure of 0.80%, and a minimum initial investment of USD 1,000,000.
Risks
The PRIIP summary risk indicator classifies the fund as 2 out of 7, while noting that investors could lose some or all of their investment. The documents specifically identify derivative risk, because a small movement in an underlying investment may result in a disproportionately large movement in the derivative position, and the fund’s long/short market neutral structure can be leveraged. Counterparty default risk is also named in relation to derivatives contracts and custodians, while pricing risk reflects that financial asset values can rise or fall and may be amplified in more volatile markets. Additional named risks include Stock Connect risk, charges from capital potentially causing capital erosion, ESG data risk from incomplete, inaccurate or inconsistent third-party data, ESG-related selection risk versus broader markets, and currency risk where the investor’s payment currency differs from the fund’s.