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Jupiter appoints Ben Surtees to Asian fund

Jupiter has announced the appointment of Ben Surtees as manager of the Jupiter Asian unti trust.

Surtees replaces Philip Ehrmann on the £46m fund, which he has managed the fund since October 2006.

Surtees joined Jupiter in 1997 and has worked on the Asian desk since 2000. He has run the Asia Pacific Sicav fund since 2005 as well as managing the Asia ex-Japan segment of the Jupiter global managed fund.

The change in management is due to Ehrmann increasing his focus on Chinese equities following the launch of the Jupiter China fund in October 2006. The fund has since grown to £177m in size.

Jupiter Asset Management chief executive Edward Bonham-Carter says: “The outlook for Asian equities remains attractive as the two largest economies, China and India, should grow at 8 per cent and 6.5 per cent respectively this year, a remarkable achievement in light of the global backdrop.

“Overall Asian countries have not been afflicted by the issues that have undermined Western economies. Corporates and consumers are not highly leveraged, and the banking system continues to function well as exposure to ‘toxic’ assets were largely avoided. These factors should help support the evolution of a more domestically-orientated region.”

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