Jupiter is to launch a Strategic Bond fund on 2 June with a target yield of 7%.
The fund is aimed at investors with a medium to long term outlook seeking income with potential for capital growth. It will be managed as a 'go-anywhere' fund with the ability to switch from a conservative to aggressive stance depending on circumstances. Ariel Bezalel, who has 10 years experience working in credit markets at Jupiter, will run the new fund. He currently manages the fixed interest components of three unit trusts; Jupiter Global Managed, Jupiter High Income and Jupiter Monthly Income. The portfolio will hold around 60 instruments, with a focus on European credit. It will...
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