Active equity and fixed income views from Jupiter Asset Management.
Jupiter's Global Macro Solutions team argues that fixed income investors should focus on the medium-term macro regime—characterised by a weaker US dollar, a steeper yield curve, and rotation out of US assets—rather than reacting to near-term volatility driven by the Iran-US conflict and unpredictable US trade policy. The team favours relative value over directional beta, highlighting emerging market rates for their superior balance sheets, while advocating active hedging, derivatives flexibility, and liquidity as key portfolio construction tools.
Jupiter Asset Management's Origin team argues that emerging market equities present compelling opportunities driven by AI and robotics exposure through key semiconductor and technology constituents, alongside attractive valuations relative to developed markets (MSCI EM at ~14.5x forward P/E vs. 23x for the Nasdaq). The piece outlines the team's systematic, data-driven active management approach—targeting 100–150 stocks with quality, value, and momentum characteristics—while acknowledging cyclical performance and structural risks inherent to EM investing.
Jupiter's Systematic Equities team introduces a new Company Management signal that models non-linear interactions between management signalling and price behaviour to identify potential mispricings where market expectations and fundamentals diverge. The piece explains the statistical learning methodology—including decision trees and interpretable non-linear models—and situates the enhancement within a 20-year history of iterative process improvements to the firm's systematic equity strategy.
Jupiter's Ned Naylor-Leyland examines the recent 12% March decline in gold prices from record highs and attributes it to rising real interest rates and speculative selling driven by geopolitical uncertainty around the Middle East conflict. He remains constructive on monetary metals, arguing that structural under-allocation by long-only institutional investors and pension funds, combined with long-term dollar hegemony concerns and sovereign debt risks, support a bullish longer-term outlook for gold, silver, and related mining equities.
Jupiter's UK Dynamic Equity team — Alex Savvides, Stephanie Geary, and Siddharth Sukumar — provide extended quarterly commentary on market developments and the positioning of the Jupiter UK Dynamic Equity Fund through Q1 2026. The piece offers a deep-dive strategy update covering market conditions and fund-level activity relevant to UK equity allocators.
Jupiter's Sam Konrad and Jason Pidcock argue that Asian technology companies — particularly Taiwanese and Korean semiconductor and memory chip makers — are the most attractive way to invest in AI-driven growth, trading at compelling valuations relative to US peers. The piece outlines their Asia Pacific (ex-China) equity strategy, emphasising diversification across tech, domestic consumer, energy, commodities, and defence names, with a cautiously optimistic outlook for 2026.