Jupiter looks to financials with new bond fund

Launched on Monday (June 2), the fund will take an initial 60pc weighing in investment grade bonds, more than half of which will be exposed to financials. The remaining 40pc will be invested in high yield bonds. Following fall out from the credit crisis, Bezalel anticipates a much more stringent regulatory environment for banks in particular, which will provide much greater transparency for potential investors. He predicts that the banks will be more conservatively run and buoyed by greater support from central banks. He said: "Currently spreads are at around 250 in the financials spac...