The Jupiter Global Emerging Markets Short Duration Bond Fund is a sub-fund of Jupiter’s Global Fund Sicav and will be managed by Alejandro Arevalo, a portfolio manager with 18 years’ experience in emerging market investment, the firm said.
He will be supported by two analysts, Nachu Chockalingam and Reza Karim, who joined the company earlier this year as part of Jupiter’s broader credit research team.
Arevalo said: “Emerging market economies continue to benefit from record lows in inflation, increased world trade volumes and strong drivers of domestic growth.
“As US economic data continues to recover and expectations of rate normalisations grow, this Fund offers an opportunity for investors to benefit from the improving fundamentals in EM, while targeting total return with limited interest rate risk.”
The fund will adopt a total return approach, with the flexibility to allocate between sovereigns, corporates and local currency.
Average fund duration is expected to remain under three years.
Katharine Dryer, head of investments for fixed income and multi-asset products at Jupiter, said: “This new fund will further enhance Jupiter’s range of fixed income strategies, enabling new and existing clients to access this important asset class through products designed to suit different market environments and investor objectives.”
