Jupiter has expanded its multi-asset offering with the launch of a flexible mixed strategy that follows the creation of the Jupiter Flexible Income fund last year.
The Jupiter Flexible Macro fund will look to generate consistent risk-adjusted returns across the market cycle by investing in a range of securities that the management team believes will benefit from major macroeconomic themes and secular trends.
Managed by the Jupiter multi-asset team led by Talib Sheikh, this unconstrained fund will invest in a combination of equities, fixed income and financial derivatives globally, including emerging markets.
Jupiter said the fund will target a highly diversified return stream, which will deliver a return in excess of cash (1m Euribor) over a three-year rolling period through a combination of capital growth and income.
The manager also said that Sheikh will be supported on the fund by the firm's broader multi-asset team who will contribute macro views and drive tactical allocation decisions. "The team will also work collaboratively with Jupiter managers across equities, fixed income and alternatives by sharing ideas and accessing stock selection expertise," Jupiter added.
Talib Sheikh, head of Strategy, Multi-Asset, said: "The need for liquid strategies that provide a return that is uncorrelated with traditional asset classes remains strong.
"Unlike many investors we do not forecast a more volatile environment going forward, but we do believe total returns are going to be lower given current starting valuations in equities and (especially) in fixed income."