Jupiter launches global value fund for Whitmore

Global version of UK special sits fund

Jupiter Asset Management has launched a Global Value Equity fund co-managed by Ben Whitmore, head of strategy - value equities, and Dermot Murphy.

The UK-domiciled Global Value Equity fund will hold around 30 to 50 global companies, which the managers believe are undervalued, with the aim of achieving capital growth over the long term. The group has been considering the creation of this fund as far back as in 2016. It is a global version of the group's £1.8bn Jupiter UK Special Situations fund, also managed by Whitmore and supported by Murphy, and will follow the same investment style. The UK fund has returned 155.78% under Whitmore's tenure as manager since 2006 against a FTSE All-Share return of 89.07%, and the IA UK All Compa...