Jupiter Asset Management has introduced a new global equity fund that will target capital growth over the long term.
The strategy, called Jupiter Global Value Equity, will be jointly managed by the firm’s head of strategy for value equities, Ben Whitmore, and fund manager of value equities team, Dermot Murphy.
The UK-domiciled fund will hold 30 to 50 stocks, which according to the managers are undervalued.
Whitmore and Murphy have previously managed the Jupiter UK Special Situations Fund, and the Jupiter Income Trust and UK Value Strategies.
While making global investments, the firm considers companies with a market capitalisation of $1bn.
“We see a clear opportunity in this environment to construct a globally diversified portfolio of companies. Value as a style of investing has had its worst period of relative under-performance versus growth investing since the late 1990s, therefore we think this is an opportune starting point at which to launch a fund,” Whitmore noted.