The Jupiter Emerging and Frontier Income Trust will share the same process as the firm’s existing global emerging market strategies and hold an average of 40 to 45 stocks across different market caps, geographies and sectors.
It will be managed by Ross Teverson and assistant fund manager Charles Sunnucks.
Teverson, who has more than 18 years’ experience investing in the emerging and frontier markets, joined Jupiter in 2014 from Standard Life Investments and is the head of strategy for the firm’s global emerging markets portfolios.
He said the trust launch signalled a natural evolution of Jupiter’s existing strategy.
“Emerging markets remain, in our opinion, structurally attractive, and can offer investors a wealth of opportunities and benefits.
“This new company will enable us to take on greater exposure to small-cap and frontier companies, many of which we believe offer a compelling combination of significant dividends today, with what we believe to be substantial growth potential in the future,” he added.
