Jupiter launches absolute return fund of funds for German clients

Ridhima Sharma
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Jupiter Asset Management is expanding its product range in Germany with the launch of Jupiter Merlin Real Return Portfolio Sicav.

The portfolio is part of the existing Jupiter Merlin umbrella fund series and is now approved for German distribution. As an actively managed multi-manager portfolio, the fund invests in target funds of various asset classes. The investment objective is to achieve real returns over a rolling period of three years.

Jupiter Merlin Real Return Portfolio was launched in January 2013 in Luxembourg and is managed by independent funds team under the leadership of John Chatfeild-Roberts. In addition, Algy Smith-Maxwell, Amanda Sillars, David Lewis and Alastair Irvine join the team, which has more than 18 years of multi-manager portfolio management experience.

The new fund focuses on absolute return strategies with a strong focus on long-short equity funds. In addition, the team invests in selected equity funds and physical gold, while also being able to invest flexibly in bonds, commodities and real estate. Currently, the portfolio holds around 67% absolute return funds, 25% equity funds, 5% physical gold and 3% cash.

Since inception, Jupiter Merlin Real Return portfolio has returned 37.1% (5.6% pa) against a benchmark return of -0.5% (Euribor EBF 3 months) with a beta of 0.4 (vs. MSCI World Index), a volatility of 5.5 and a Sharpe ratio of 0.9 (as at 31/10/2018).

Jupiter Independent Funds team manages its Merlin funds of funds with the same investment philosophy: to invest in the right fund managers, in the right amount, at the right time. The team is convinced that all target funds are managed by managers who can achieve higher returns in the medium to long term. The target funds include various asset classes such as stocks, bonds, cash and commodities, both from UK and overseas.

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