The biggest beneficiary however, has been the Jupiter Absolute Return fund, managed by James Clunie.
Haynes explained: “With equity markets trading at high levels we have taken a position that has more of a focus on shorting, so we introduced the Jupiter Absolute Return fund. That is the key fund that has benefitted that has a different strategy.”
He said the move had been aided by Clunie’s “pedigree in shorting stocks”.
“Clunie has been shorting some of the fairly highly valued US stocks which is a strategy we would concur with,” Haynes added.
Haynes said a possible return to GARS was a case of “never say never” and it would continue to be on the wealth manager’s radar.
