Jupiter Asset Management has launched a global value equity fund that will target undervalued companies.
The Jupiter Global Value Equity Fund will be co-managed by the firm’s head of strategy for value equities, Ben Whitmore, and Dermot Murphy, fund manager within the value equities team.
The UK-domiciled unit trust will invest in 30 to 50 stocks.
Whitmore said: “We see a clear opportunity in this environment to construct a globally diversified portfolio of companies.
“Value as a style of investing has had its worst period of relative under-performance versus growth investing since the late 1990s, therefore we think this is an opportune starting point at which to launch a fund.”
London-based Jupiter Asset Management had £50.2 billion (€57 billion) in assets under management as of end December 2017.
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