Jupiter Global Macro Bond fund changes sector to a more 'appropriate' peer group

Now IA Global Mixed Bond

The Jupiter Global Macro Bond fund has changed its sector in a bid to give it more ‘appropriate’ performance comparators.

In a letter to shareholders sent out on Wednesday (17 April), Jupiter Asset Management told clients the fund will now sit in the IA Global Mixed Bond sector. According to Jupiter, the fund's sector initially changed on 31 July 2023 to the IA Targeted Absolute Return sector (TAR) which, at the time, "coincided with changes made to the fund's investment objective and policy to better reflect the absolute return strategy". Jupiter AM makes double hire to join Savvides on UK Special Situations fund The Macro Bond fund was a product of manager Mark Nash's two funds; Merian Global Strate...