Jupiter Asia Pacific Fund relaunches as Jupiter Asia Pacific Income Fund, managed by Jason Pidcock

Jupiter has relaunched the Jupiter Asia Pacific Fund, a sub fund of the Jupiter Global Fund SICAV, as the Jupiter Asia Pacific Income Fund. As of today, the Fund will offer investors a portfolio of mainly large-cap Asian stocks aimed at delivering long term capital growth and income, offering diversification across the Asia Pacific region. It will be managed by Jason Pidcock, Jupiter’s head of strategy, Asian Income.

A high conviction portfolio of typically 40–50 stocks, the Jupiter Asia Pacific Income Fund will have a bias towards some of the developed markets in the region including Australia, New Zealand and Singapore, whilst also seeking exposure to well managed large capitalised companies in Hong Kong, Taiwan, the Philippines and other markets. The fund will have no exposure to Japan. Jason expects that the Fund will have a high active share, no country or sector constraints, relatively low turnover and low cash levels.

Jason, who joined the company in December 2015, has over 20 years’ experience investing in Asia. At Jupiter Jason manages an Asian Income unit trust, which launched in March 2016. In his previous role, Jason managed a £4.4bn Asian income portfolio, delivering benchmark beating returns.

Jason uses a fundamentals-based investment strategy, looking to invest in businesses which, in his view, have the potential to grow. He also looks for a commitment to sharing profits with shareholders through dividends where it is reasonable to do so. Making an assessment of company management is a key part of his strategy.

The company-level analysis that will drive the portfolio sits within a context of wider macroeconomic trends and the manager reviews the wider political and economic environment in the region as part of his investment decisions.

Jason Pidcock, manager of the Jupiter Asia Pacific Income Fund, said: “The development of a dividend paying culture in Asia means there are appealing yields that can be found. I believe increasing levels of infrastructure development are also creating a broad choice of opportunities. I am also interested in the service sector which has become a key driver of trade growth which is in turn benefitting many dividend paying companies.”

Kevin Scott, head of EMEA at Jupiter Asset Management, said: “Jason has a deep knowledge of Asia’s strongest listed businesses and well established communications channels with their management teams. We hope that the Jupiter Asia Pacific Income Fund will prove an attractive proposition for investors looking for geographical diversification potential within Asia through exposure to both developing and more developed countries, and we look forward to making Jason’s considerable talents accessible to our growing international client base.”