Following The Adviser Centre Monthly Review Meeting on 3rd January 2018, we have added Jupiter Global Emerging Markets to The Adviser Centre as a Positive Watch fund.

The fund is managed by Ross Teverson, who is Jupiter’s Head of Strategy, Emerging Markets.  Mr Teverson joined Jupiter in 2014 and previously worked at Standard Life Investments, where he managed Asian and global emerging market equity funds.

At the heart of the investment philosophy is the belief that the market is inefficient when pricing in material changes to company fundamentals. Therefore, the manager has formulated a well-defined and disciplined investment process that combines fundamental research and quantitative screening to identify under-appreciated change.  In short, three key questions drive the team’s stock selections: “What is changing?”; “What is in the price?”; and, “What is the catalyst for outperformance?”.

The fund has no prescriptive style bias and the portfolio is constructed carefully to achieve diversification across sector and country.  There are no benchmark constraints, as Mr Teverson argues that the indices are skewed towards lower growth, often government-controlled businesses.  The portfolio is also distinctive in having exposure to stocks across the market cap range, as well as holdings in frontier markets.  Therefore, the fund’s performance characteristics have the potential to differ significantly from the index.

We are very pleased to expand our selection of funds from the IA Global Emerging Markets sector and this endorsement reflects our positive view of this proposition.  As a Positive Watch fund, we wish to monitor its risk and return behaviour for longer and through a range of market conditions.

For more information about the IA Global Emerging Markets sector and our fund selections, please take a look at our IA Sector Overview.  Our criteria for The Adviser Centre’s Recommended, Established and Positive Watch lists can be seen here.