Jupiter's Teverson: 'EM politics are very interesting to talk about but the likelihood of us adding value because of it is close to zero'

PARTNER INSIGHT: Ross Teverson, manager of the Jupiter Global Emerging Markets Fund, explains why he builds his concentrated portfolio from the bottom up and always ensures he is not 'preoccupied' with wider macro issues.

Ross Teverson, Head of Strategy, Emerging Markets at Jupiter Asset Management, aims to identify ‘underappreciated change' that has not been fully priced in by the market, in order to generate long-term returns in the Jupiter Global Emerging Markets Fund. The idea of ‘underappreciated change' is particularly prevalent in emerging markets as a result of the fact many companies remain under-researched and investors often invest in emerging and frontier geographies based on short-term considerations. Working as part of an eight-strong team, Teverson uses a screening process to rank stocks...