Chatfeild-Roberts boosts cash in anticipation of heightened volatility

Jupiter CIO John Chatfeild-Roberts is keeping the strong recent inflows into his Merlin range in cash to allow him to invest into periods of weakness caused by heightened market volatility.

Chatfeild-Roberts has built up cash weightings between 6.3% and 11.2% across the Merlin range, which he plans to take off the sidelines to capitalise when investors are overly focused on negative economic factors. The Merlin team believes volatility will be rife this year – with investors concerned about sovereign debt problems and government policy actions. “Response from governments and central banks remains the greatest risk to markets this year, especially as quantitative easing measures are withdrawn,” Chatfeild-Roberts says. “The latter could cause sovereign bond yields to ri...