The Jupiter Global Emerging Markets Corporate Bond Fund, is a sub-fund of the Jupiter Global Fund Sicav and is benchmarked against the JPMorgan CEMBI Broad Diversified Total Return (USD) index. Its base currency is US dollars.
The actively managed fund will aim to achieve long term income and capital growth through investment in bonds issued by companies exposed directly or indirectly to emerging market (EM) economies worldwide. Jupiter said the fund would be “benchmark aware but not constrained”.
Arevalo, who has more than 18 years’ experience of investing in emerging markets, uses a top-down / bottom-up investment approach, aiming to identify long term opportunities that could benefit from macro and/or specific events at a sector or company level.
He will also look to improve performance by allocating some money to sovereigns and local currency bonds depending on market conditions.
“The emerging market debt (EMD) universe is steadily expanding, particularly with regard to corporate issuance,” Arevalo said.
“In my opinion EM corporates can offer investors a wealth of attractive opportunities and a host of benefits including diversification, lower volatility and greater liquidity,” he added.
Team play
Jupiter said Arevalo will work alongside Ariel Bezalel and Jupiter’s existing credit and trading teams, while also collaborating closely with Jupiter’s EM Equity team, headed by Ross Teverson.
“I look forward to working alongside the experienced individuals in Jupiter’s Fixed Income and EM Equity teams to further expand the range of fixed income products available to Jupiter’s growing client base,” Arevalo said.
Katharine Dryer, head of investments, fixed income and multi-asset, said: “At Jupiter we have steadily built out our Fixed Income team over recent years and the decision to move into EMD is part of our long-term strategy in this area.”
