Fund manager Jupiter has brought out a global equity income fund for investors looking for income from the growing dividend culture in the developed and emerging markets.
The fund, which is structured as a UCITS-compliant unit trust, will be co- managed by Sebastian Radcliffe and Gregory Herbert. Jupiter chief investment officer, John Chatfeild- Roberts, said: “In the current low- interest rate environment, investors seeking income should, in our view, cast their net wide if they want to capture the earnings and dividend growth of some of the world’s ‘best’ income-paying companies. The Jupiter Global Equity Income Fund aims to offer a way to access these firms while also providing investors with the potential for long-term capital growth – an appealing combination when so many sources of income have dried up.”
According to Jupiter, the fund’s global investment mandate will help it exploit recent market volatility and invest in companies that have seen their share prices fall but have retained their potential to become “dividend aristocrats” of the future – a term used to describe those companies that have successfully increased their dividends for 25 consecutive years. Radcliffe currently manages over $1 billion in US assets in three Jupiter funds and Herbert was recently appointed as manager of the £36 million Jupiter European Income Fund.