Fund Invested in Family-owned Companies Exceeds EUR100 million Mark and Reaches Five Stars from Morningstar
Wassenaar, September 10 – The Juno Selection Fund series has surpassed the level of EUR100 million under management. The fund, which invests in shares of high quality Euro-pean small- and midcap family owned businesses, managed to double its assets under management from EUR50 million to EUR100 million in one year. In addition to this fund, Juno Investment Partners manages additional direct accounts amounting to EUR70 million. In total Juno manages EUR170 million in this strategy.
Frans Jurgens, Director and Juno Co-Founder: “We are proud that the fund has grown to more than EUR100 million. This is the result of persistent strong returns and growth in our client base.”
Juno was founded in 2008 and through the Juno Selection Fund invests in stocks of small- and midcap European companies that year after year achieve a predictable and stable profit growth. These are primarily family-owned businesses. Since inception, the fund has achieved a cumulative total return of 180%. This equates to an average return of 14.4% per year. The fund is now top ranked in its Morningstar category and has received the maximum five stars for both its last three and five year performance.
The fund’s performance contributed to a significant portion of the growth in assets under management. In addition, Juno took on a growing number of new clients. Notably existing clients have regularly increased their investment in the fund. During the last seven years, these increased client investments have contributed to on average more than 35% of the fund’s annual inflows. Moreover, according to fund comparator Morningstar.nl, the fund combines high return with low risk.
Lennart Smits, Director and Juno Co-Founder: “If you are getting many new clients, then as a business you are doing something right. But if you have existing clients increasing their investment with you, that is even better.”
Juno´s Founders, Frans Jurgens and Lennart Smits, have also increased their personal interest in the Fund as of September 1, 2015. With this, the founders, employees and their families hold approximately 14% of the fund.
About Juno Selection Fund and Juno Investment Partners
Juno invests in unique European small- and mid-Cap companies. For the most part, these are family-owned companies, or companies where a family or management is also a shareholder. Companies that can continue to achieve predictable and stable profit growth, year after year, are considered for investment. During this selection process, the emphasis lies on return on invested capital and free cash flows that are highly predictable in nature. Our analysts / asset managers put together a highly concentrated portfolio of companies that they themselves have identified, analysed and visit frequently. These companies often remain in the portfolio for a long period of time (on average more than three years). With this investment style, Juno has achieved consistent superior investment results for its clients during the past years. The Juno Selection Fund is managed by Juno Investment Partners. Juno Investment Partners has an AFM licence for discretionary asset management for direct mandates.
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