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Jupiter launches short duration EM debt fund

Jupiter launches short duration EM debt fund

Jupiter has launched a short duration bond fund, expanding the portfolio of products run by its recently founded sector specialist team.

The Jupiter Global Emerging Markets Short Duration Bond fund will be run by Alejandro Arevalo, who joined Jupiter in 2016 and has more than 18 years’ experience of investing in emerging markets.

The fund, a sub-fund of the Jupiter Global Fund SICAV, will adopt a total return approach, with the flexibility to allocate between sovereign, corporate and local currency debt issues, with an average duration of under three years.

It is the second emerging-markets bond fund that Jupiter has launched in the course of a few months, following of the Jupiter Global Emerging Markets Corporate Bond fund in March this year.

Arevalo said: 'Emerging market economies continue to benefit from record lows in inflation, increased world trade volumes and strong drivers of domestic growth.

'As US economic data continues to recover and expectations of rate normalisations grow, this fund offers an opportunity for investors to benefit from the improving fundamentals in EM, while targeting total return with limited interest rate risk.'

Katharine Dryer, head of investments in fixed income and multi-asset added: 'This new fund will further enhance Jupiter’s range of fixed income strategies, enabling new and existing clients to access this important asset class through products designed to suit different market environments and investor objectives.' 

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