Jupiter's multi-manager team has been selling down its mid and small-cap exposure to capture any war...
Jupiter's multi-manager team has been selling down its mid and small-cap exposure to capture any war rally in the markets. The team, headed up by John Chatfeild-Roberts, has turned over up to 50% of the underlying funds in the Jupiter Merlin Growth and Worldwide Portfolios.
Chatfeild-Roberts has sold out of gilts, specialist mid and small-cap portfolios and gold, and has moved into high beta UK and US funds. He cited Gartmore UK Focus and Legg Mason US Value as examples of funds he has been buying.
In the Income Portfolio, Chatfeild-Roberts has cut gilt exposure from 20% to 10% and has also bought into Gartmore UK Focus.
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