Fund Management
UK's Jupiter Unveils New US Small And Midcap Fund
London-based asset manager Jupiter has launched a new US small and midcap fund for Robert Siddles.
London-based asset manager Jupiter has launched a new US
small and midcap fund for Robert Siddles.
The Jupiter US Small & Midcap Companies Fund is a UCITS-compliant
unit trust, and will invest in a portfolio made up primarily of
quoted US small- and medium-sized companies, Jupiter said in a
satement.
Siddles will select stocks from around 3,000 US small companies
with a market capitalisation ranging from £100 million ($168.7
million) to £5 billion. The fund will typically hold between 50
and 75 stocks.
Siddles has 27 years of experience covering US equities as a fund
manager and joined Jupiter in January 2014 from F&C, where he
managed over £500 million in assets including the F&C US
Smaller Companies Investment Trust, now the Jupiter US Smaller
Companies Investment Trust.
Core holdings will typically consist of companies Siddles
believes will be able to reliably grow their earnings over long
periods. Other holdings will generally be made up of trading
stocks which are held for short-term recovery, typically over two
to three years. These are stocks where the share price has fallen
significantly, making them attractive.
