Jupiter rebrands financial fund for fintech focus
JP Morgan and Citigroup remain top holdings despite shift in investment focus
JP Morgan and Citigroup remain top holdings despite shift in investment focus
Jupiter’s share price has halved year-to-date
Darren Starr joined the FTSE 250 asset manager in April
Fixed income remains fund house’s Achilles’ heel as smaller rivals enjoy asset growth
Manager left JP Morgan Asset Management in February after 20 years
Jupiter vice chairman reflects on the global economy a decade since Lehman collapse
Aviva Investors has expanded its multi manager team with a double hire
Investors have been increasingly weary of emerging market debt this year amid a stronger dollar and rising rates
Jupiter CEO Maarten Slendebroek has said its Dynamic Bond fund is suffering outflows because Asian investors are more optimistic for junk bonds, while European investors do not find the fund defensive enough.
Jupiter has continued to suffer outflows in the second quarter as investors remain standoffish from its multi-billion pound Dynamic Bond fund.
Invesco Perpetual has launched a low-cost multi-asset range aimed at advisers following ongoing pressure on fees from cheaper alternatives.
Jupiter and Schroders are forecast to report more outflows in Q2 as many retail giants struggle to retain assets.