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New Alliance Sees Jupiter Manage Emirates Fund Range

Sandra Kilhof, Reporter, London, 6 December 2013

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A multi-manager team from London’s Jupiter Asset Management will now run a range of multi-asset funds for Emirates NBD Asset Management after the firms have entered into a strategic alliance.

A multi-manager team from London’s Jupiter Asset Management will now
run a range of multi-asset funds for Emirates NBD Asset Management after the
firms have entered into a strategic alliance.

As a result, the Jupiter independent funds team is now delegate
investment advisor on the fund range adding to its $16 billion in assets under
management through multi manager products, as at 30 September 2013.

“Expansion and global outreach is an important aspect of today’s
connected world. As a fund manager focusing on delivering investment
outperformance over the medium to long term across its range of portfolios,
this is a key development of our international expansion plans,” said Kevin
Scott, executive director international at Jupiter Asset Management.

Emirates NBD Asset Management,  which is the asset management arm of the
Gulf-region bank, Emirates NBD, also announced the launch of the Emirates
Global Quarterly Income Fund Emirates Emerging Market Corporate Absolute Return
Fund under the firm’s SICAV structure.

The income fund is an open-ended collective investment
scheme domiciled in Luxembourg,
with Jupiter’s multi-manager team appointed as the delegate investment manager
for the fund. The diversified portfolio will invest across a wide range of
asset classes including fixed income securities, equity income and other income
producing assets, predominantly through a fund of funds strategy. This also
includes investments in asset managers globally across asset classes.

The absolute return fund is a diverse portfolio of fixed
income securities, actively managed by the fixed income team at Emirates NBD
Asset Management and investing primarily in high-yield corporate bonds of
issuers from global emerging markets.

 

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