Investment Approach

The investment objective of the Fund is to provide investors with an opportunity for capital appreciation by investing in an international portfolio of financial services companies actively managed by Mr. de Blonay. The Fund is managed using the same investment approach that Mr. de Blonay applies to the Jupiter Financial Opportunities Fund in the United Kingdom.

The investment strategy of the Fund is to invest in a concentrated, international portfolio principally comprised of financial services companies and to a lesser extent property related companies considered by Jupiter to be undervalued and which exhibit favourable growth prospects arising from characteristics such as proven management or strong products or services. Mr. de Blonay’s investment approach is an approach which commences with a macro view of the global economy in order to identify investment themes that have the most potential. He then looks for reasonably priced companies through which to play out his best ideas on these themes. Mr. de Blonay invests predominantly in a concentrated, international portfolio of mostly large cap stocks and aims to generate returns in rising markets and limiting losses in falling markets, within the limits of the Fund’s investment policy. Mr. de Blonay is well-tuned to the market and is willing to restructure the portfolio in anticipation of a significant change in market sentiment.