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Jupiter Merlin Balanced Portfolio

Ranked 18 out of 219 in - Aggressive GBP over 12 months
All calculations are in GBP

Managed by

John Chatfeild-Roberts

In a career spanning more than 15-years, John Chatfeild-Roberts uses his understanding of global market trends to actively select funds that are likely to benefit from changing market conditions. Born in London in 1962, Chatfeild-Roberts graduated in Economics from Durham University before starting out in 1989 with Henderson Administration. He was appointed director in 1995, shortly afterwards he moved to Lazard Asset Management, where he was a director and head of the multimanager team. He joined Jupiter in 2001 and fronts the group's independent funds team, which is probably the most active in the sector. His role carries responsibility for a range of funds, including the Jupiter Global Opportunities fund and the Jupiter Merlin Multi-Manager fund range.

Algy Smith-Maxwell

Algy Smith-Maxwell works alongside Peter Lawery and head of team John Chatfeild-Roberts on Jupiter’s multi-manager funds. The trio share over 30 years of investment experience and apply this to the unit trusts they co-manage, aiming to invest in a selection of the best performing funds. Smith-Maxwell joined Henderson Global Investors in 1995 as assistant manager for the group’s multi-manager retail funds. He began working with Chatfeild-Roberts and Lawery at Lazard Asset Management in 1999, subsequently moving to Jupiter with them in 2001. Focusing on the belief that the manager is the greatest factor in how a fund will perform, a lot of the team’s time is spent interviewing managers face to face.


To achieve long-term capital growth with income by investing predominantly in unit trusts, OEICs, Exchange Traded Funds and other collective investment schemes across several management groups. The underlying funds invest in international equities, fixed interest stocks, commodities and property.


Aggressive GBP over : 31/10/2014 - 31/10/2015

Total Return

Quarterly Performance

to 30/09/2015 Annual Q1 Q2 Q3 Q4
2015 6.8% -3.2% -3.9%
2014 6.0% -0.3% 0.7% 1.1% 4.4%
2013 13.6% 11.2% -2.6% 1.2% 3.7%
2012 9.6% 4.9% -1.9% 4.3% 2.1%
2011 -4.0% -1.6% 0.4% -6.8% 4.3%
2010 14.6% 6.0% -3.2% 5.0% 6.3%
2009 20.3% -6.4% 6.9% 16.5% 3.2%
2008 -14.4% -7.1% 1.5% -7.1% -2.3%
2007 4.1% 2.9% 2.2% -1.1% 0.1%
2006 10.6% 7.3% -5.5% 2.6% 6.3%
2005 25.6% 4.7% 2.9% 9.1% 6.8%
2004 15.1% 3.6% 0.3% 2.4% 8.2%
2003 23.0% -2.1% 13.0% 4.7% 6.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Findlay Park American USD 11.00
CF Woodford Equity Income Z Inc 8.13
Evenlode Income C Inc 7.94
Fundsmith Equity I Class Inc (ST) 7.73
Odey European Focus GBP A 7.67
Aptus Global Financials A Inc GBP 7.46
Jupiter Growth & Income 7.09
Jupiter JGF Dynamic Bond I GBP Q Inc HSC 5.42
Royal London UK Equity Income Z 5.03
Odey Allegra Developed Markets STI 4.43

Registered For Sale In

  1. Spain
  2. United Kingdom

Fund Info

  • Launch date01/10/2002
  • Share Class size1,570Mn
  • Base currencyGBP
  • ISIN GB0031845141

Purchase Info

  • Min. initial investment50,000
  • Min. additional investment5,000


  • Annual management1.50%

Related News

Stephen Pearson replaces Chatfeild-Roberts as Jupiter CIO

The restructure will allow Chatfeild-Roberts to focus on his £8bn Merlin range, while Pearson will concentrate on the day to day running of the Jupiter investment floor.

Woodford v Barnett: three months on, who’s winning?

Wealth Manager looks at which heavyweight is ahead over the past three months in both performance and flow.

Jupiter Merlin team buys into Woodford fund

Jupiter's Merlin multi-manager team has bought into Neil Woodford's new fund, Wealth Manager can reveal.

AA-rated ex-Rathbones manager added to Merlin Portfolios

The Jupiter Merlin team has added the Evenlode Income fund, managed by Rathbones alumnus Hugh Yarrow, to two of its portfolios.

Jupiter Merlin team: the new funds and managers we’re backing

The multi-manager team at Jupiter has added several new names to its Merlin portfolios, including two Citywire AAA-rated and one AA-rated UK equity income managers, and a AAA-rated European manager.

Chatfeild-Roberts spooked by emerging market inflation threat

Citywire Selection manager John Chatfeild-Roberts has reduced his exposure to emerging markets across his Jupiter Merlin portfolios on fears of the growing inflation threat in the region.

Ultra-cautious fund completes Chatfeild-Roberts’ Merlin range

Jupiter is planning to launch a cautious product within its Merlin fund of funds range, marking the first launch for John Chatfeild-Roberts’ team in 10 years.

Chatfeild-Roberts: a tragic story with many more chapters

Jupiter chief investment officer John Chatfeild-Roberts fears there are many more twists to come in the ‘tragic’ European story, which could culminate in an 'elegant' German exit.   

Chatfeild-Roberts donates £800k to charity

The Jupiter chief investment officer has made another significant donation to charity months after he gave Cheltenham College £600,000 worth of his firm's shares.  

Jupiter’s John Chatfeild-Roberts: How right have his calls been?

Jupiter chief investment officer John Chatfeild-Roberts’ Merlin fund of funds team is widely acknowledged as one of the best and most consistent multi-manager teams in the business.


Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).