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Jupiter funds - manager change

Kate Marshall | Mon 10 November 2014

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

It has been announced that Kathryn Langridge will step down as manager of the Jupiter Global Emerging Markets Fund and as co-manager of the Jupiter Emerging European Opportunities Fund.

Ross Teverson, who joined Jupiter on 4 November 2014, will be appointed to take over management of the Jupiter Global Emerging Markets Fund following a short handover period, expected to be at the end of November. Kathryn Langridge will remain with Jupiter until the end of the year to ensure a smooth transition.

Ross Teverson has been appointed Head of Strategy for Global Emerging Markets at Jupiter, and will lead the group's team of emerging markets fund managers. He joins from Standard Life Investments, where he managed the Standard Life Global Emerging Markets Equity Unconstrained Fund from its launch in October 2012 until May 2014. Under his tenure, the fund grew by 21.8% compared with 3.7% for the MSCI Emerging Markets index, though this should not be viewed as an indicator of how the manager will perform in future. Ross Teverson managed Asian equities for a number of years prior to this, including managing institutional mandates for Standard Life.

Annual percentage growth
Nov 12 -
Nov 13
Nov 13 -
Nov 14
Standard Life Global Emerging Markets
Equity Unconstrained
21.6% 1.5%
MSCI Emerging Markets 7.2% 0.7%

Past performance is not a guide to future returns. Full year performance figures before this date are unavailable. Source: Lipper IM* to 03/11/2014

At this time we will not be considering the fund for inclusion on the Wealth 150 list of our favourite funds across the major sectors. We would like to see Ross Teverson build a longer track record before taking a view on his abilities as a fund manager. Investors looking to invest new money into an emerging markets fund may wish to refer to the Wealth 150.

Colin Croft, the existing co-manager of the Jupiter Emerging European Opportunities Fund, will remain manager of this fund. He has co-managed the fund since January 2010 and, in our view, his fund management experience is relatively limited. This fund therefore does not feature on the Wealth 150 currently either.

Kathryn Langridge will also step down from managing the emerging markets portion of the Jupiter Global Managed Fund, a current Wealth 150 fund. Exposure to higher risk emerging markets currently makes up a fairly small part of the portfolio at 1.6%. Kathryn Langridge's departure does not change our view on this fund, which continues to be managed by a number of other experienced managers at Jupiter.

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The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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