The UK economy faces a period of significant uncertainty. While the full ramifications of the UK’s exit from the EU remain unclear, it is likely to have at least a short-term impact on consumer confidence and business investment.
M&G Recovery Fund has performed poorly for much of the past five years. Dependable, high-quality companies that have delivered sustainable earnings growth have been favoured by cautious investors and dominated performance tables.
The dynamic of the European stock market has shifted. The share prices of growth companies have raced ahead of their value-oriented peers for several years, but in recent months there has been a reversal of this trend.
Dan Carter took over from Simon Somerville as lead manager of Jupiter Japan Income in June 2016. He was previously the fund’s co-manager from November 2011 and has also been lead manager of Jupiter JGF Japan Select, a similar fund, since October 2013.