Jupiter has launched a sub-fund to its Jupiter Global Fund Sicav that focuses on opportunities in the global high yield short duration space.
The Jupiter Global High Yield Short Duration Bond fund will take a high conviction and active approach to the asse class with a strategy aiming to deliver returns over the medium to long-term. The portfolio will hold some 75 bonds, with at least 70% in global corporate high yield bonds, with an average maturity of no more than five yerars. The core of the portfolio will be European, but the portfolio management team will look globally, unconstrained by index weights.
The fund will be managed by Adam Darling, who is co-manager of the Jupiter Corporate Bond fund and a senior High Yield Credit analyst on Jupiter's fixed income strategy. Reporting to Ariel Bezalel, head of Strategy, Fixed Income, Darling joined Jupiter in 2015 and has more than 17 years' experience in corporate credit analysis. A 19-strong fixed income team at Juper manages some $4bn in high yield securities, primarly in the Jupter Strategic and Dynamic Bond funds.
Bezalel said: "The launch of a Global High Yield Short Duration fund is very much a natural next step for Jupiter's Fixed Income strategy. High yield bonds have been a key component of our unconstrained bond funds for over 10 years, meticulously researched and selected by our talented team of credit analysts."
"Adam has a huge depth of experience in the high yield space, and we are delighted to launch this new fund under his management, enabling our clients to access a dedicated portfolio of high-yield securities, managed in the same truly active and high conviction style as our existing fixed income suite."