Chatfeild-Roberts urges caution over complex 'fad' funds

John Chatfeild-Roberts, CIO of Jupiter and head of the group's £4.6bn multi-manager range, has urged investors to go back to basics and avoid being tempted into complex products promising unrealistic returns.

In a poignant message to the asset management community, Chatfeild-Roberts says the industry as a whole needs to be more “honest and transparent” about the products it is promoting and ensure investors fully understand all of the underlying strategies coming to market. Chatfeild-Roberts says he understands all fund groups would like to sell products that never fall in value, are not volatile and carry no risk, but such products “simply do not exist”. The manager says: “The parts of the industry promoting products arguably considered to be perfection are doing people a disservice. “...