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Jupiter targets income with global equity fund launch

Jupiter targets income with global equity fund launch

Jupiter is launching a global equity income fund for managers Sebastian Radcliffe and Gregory Herbert, to take advantage of the growing dividend culture across markets.

The new Ucits unit trust aims to deliver a high and rising income along with capital growth by tapping growing dividends in established markets like the US, as well as markets such as Brazil where company profits could in turn lead to greater dividend issuance.

Radcliffe (pictured) and Gregory also believe a global investment mandate allows them to exploit market volatility and invest in companies where share prices have dropped, even though they have retained their potential to become the ‘dividend aristocrats’ of the future.

John Chatfeild-Roberts, chief investment officer of Jupiter, said: ‘In the current low-interest rate environment, investors seeking income should, in our view, cast their net wide if they want to capture the earnings and dividend growth of some of the world’s ‘best’ income-paying companies.’

Radcliffe manages over £650 million in US assets across three funds and has run the firm’s £486.6 million Jupiter North America Income fund since January 2001.

Herbert was recently appointed lead manager of the firm’s European Income fund, having worked closely with Cédric de Fonclare in the management of the fund alongsice the Jupiter European Special Situations fund Jupiter European Opportunities Sicav.

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Sebastian Radcliffe
Sebastian Radcliffe
19/74 in Equity - North America (Performance over 3 years) Average Total Return: 63.13%
Cedric de Fonclare
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49/75 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 37.28%
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