Jupiter's John Chatfeild-Roberts upped exposure to Japan in his £6bn Merlin multi-manager range in February with the addition of the GLG Japan CoreAlpha fund.
The head of the Merlin team added the position into his £1.42bn Growth fund, £1.1bn Balanced fund, and the £714m Worldwide portfolio. With the purchase of Stephen Harker's £1.1bn GLG Japan CoreAlpha, exposure to Japan moved from 5.9% to 7.9% in the Growth fund, and from 8.7% to 14.6% in the Worldwide portfolio. He also took exposure to Japan in the Balanced fund from 4.6% to 6.5%, topping up an existing position in the Jupiter Japan Income fund. The move was made just weeks before the region was hit by the devastating earthquake and tsunami which have sent share prices in the count...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
