The company says the fund will provide investors with exposure to the next phase of growth potential within the Briceconomies, as well as other regions such as Africa, Turkey and Chile.
The fund aims for growth by investing in 60 to 70 companies based in emerging regions, or firms based in developed regions with exposure to emerging markets. Stocks will be diversified across markets, sectors and company size but expects medium sized companies to provide good opportunities where growth potential is not already priced in to theimarket valuations.
Fund manager Kathryn Langridge joined Jupiter¹s emerging markets team in September. She has 27 years’ investment experience, including emerging market equities and mid-cap companies. She will focus on the best quality
companies that are likely to dominate their industry; generate strong earnings and dividend growth and manage their capital efficiently.
Langridge will draw on the research and experience of her colleagues in Jupiter¹s emerging markets team, including Philip Ehrmann, manager of the Jupiter China fund. She will cover 21 countries across Asia, the Pacific
region, Latin America, Europe, the Middle East and Africa.
Langridge continues to see good opportunities in emerging markets. She says that despite economic growth, robust earnings and structural improvement, valuations remain reasonable and quality companies have considerable growthpotential. She believes that prospects in the region are strengthened by growing trade between emerging markets and domestic growth.
The long-term case for investment in emerging markets is well known and many investors have put money in the region through existing funds that could provide competition for Jupiter. Markets do not go up in a straight line within a long-term upward trend, so investors may experience periods of volatility. The investment risks may also vary between regions.