Fund Management
What's New In Investments, Funds? - Jupiter

The latest in investments and funds activity from across Europe.
Jupiter
Jupiter, the UK-based
asset management firm that announced a few days ago that it
has agreed to buy Merian Global Investors, has launched
the Jupiter European Smaller Companies fund.
Managed by Jupiter’s co-head of European Growth, Mark Heslop, the
fund manager aims to achieve long-term capital growth by
investing in small-cap European names (excluding the UK) which
the manager believes will benefit from significant growth over
the medium to long term.
The fund will sit alongside the almost £4.9 billion ($6.33
billion) Jupiter European fund and £1.7 billion Jupiter European
Growth fund within Jupiter’s flagship European Growth
Strategy.
It adopts the same investment philosophy as the all-cap European
funds: using bottom-up analysis seeking to identify high quality,
high-return businesses whose equity is mispriced or undervalued
by markets, exploiting this anomaly by aiming to generate
market-beating returns.
The fund will invest in a high conviction, concentrated portfolio
of about 50-60 smaller companies that are listed in or heavily
exposed to Europe. These companies can be defined as any company
that is, at the time of investment, smaller by market
capitalisation than the 225th company in the FTSE World Europe
(ex-UK) Index.
Heslop joined Jupiter in October 2019 from Columbia Threadneedle,
working there for almost a decade.