Jupiter hires EMD manager
Jupiter Asset Management has appointed Alejandro Arevalo to build out its emerging market debt capabilities.
Jupiter Asset Management has appointed Alejandro Arevalo to build out its emerging market debt capabilities.
By the end of this year, three of the five richest economies in the world could be led by women, Theresa May, Angela Merkel and Hillary Clinton. Financial services by comparison remains a boys club.
Jupiter Fund Management has reported net inflows of £789m for the three months to 30 September 2016, bringing total assets under management to £40.4bn.
Jupiter’s Guy de Blonay has taken nearly 5% exposure to India across his three portfolios, recognising the superior growth prospects and noting that its credit cycle is “coming back to life”.
James Clunie is short the US. While it is a simple trade, the manager of the Jupiter Absolute Return Fund said the combination of short term political risk and seasonality would suggest such a position makes sense.
It is commonly accepted within investment markets that asset prices generally are expensive at the moment. Yet, despite this common knowledge, inflows continue unabated.
There are still opportunities to be found in United Kingdom financials according to Jupiter’s Guy de Blonay, and he favours insurance companies over the big UK banks in the current ‘lower for longer’ scenario.
Retail investment platform Rplan saw a big increase in flows into emerging market funds over the last three months, with the notable exception of China-only investments.
Jupiter Asset Management reported modest inflows in its first half, but pre-tax profits were still up 3% to £86.6m.
Jupiter has ratcheted up its focus on the alternative investment space with the hire of Magnus Spence to the new role of head of investments, alternatives.
We have heard a lot about the dividend culture improving in Asia thereby making it more attractive as an income source. But is it really? And if it is, how sustainable is it? Jupiter’s Jason Pidcock gives his thoughts.
Any UK-based European equity manager will have had his head filled with Brexit over the past few months but, as Mike Buhl-Nielsen points out, it is only one of a long list of headwinds all managers are facing