January 2022
Jupiter launches SFDR Article 8 version of flagship Dynamic Bond Fund
• SFDR article 8 compliant Jupiter Dynamic Bond ESG fund launches in response to customer demand
• Anna Karim appointed ESG Director, Fixed Income, to support key strategy
Jupiter today announces the launch of the Jupiter Dynamic Bond ESG fund (SICAV), a bespoke version of its flagship Jupiter Dynamic Bond fund (SICAV) with a core focus on sustainability. The new fund will actively promote environmental and social characteristics and will be classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR).
Sitting alongside the €9.96bn Jupiter Dynamic Bond fund, Jupiter Dynamic Bond ESG will be run by the same industry-leading management team: Ariel Bezalel, Jupiter’s Head of Strategy, Fixed Income, and Harry Richards, Fixed Income Fund Manager.
Where the existing Jupiter Dynamic Bond fund fully embeds ESG considerations as part of its long-established investment process, Jupiter Dynamic Bond ESG will actively promote environmental and social characteristics, including the transition to a low carbon economy and the upholding responsibilities to people and planet, targeted at those investors looking for an Article 8-compliant solution to their global fixed income requirements.
High level asset allocation, as well as key risk characteristics, are expected to remain consistent across the two funds. Jupiter Dynamic Bond ESG will use strict ESG criteria, including certain sector and sovereign exclusions, data science and sustained engagement work, alongside thorough qualitative research, to determine security eligibility for the portfolio. The measurement requirements associated with Article 8 funds will lead to long-term sustainability targets for investee companies and governments across the fund, against which progress will be tracked, monitored and shared.
The Jupiter Dynamic Bond fund will remain classified as Article 6 under SFDR for the time being, and will continue to offer its established rigorous focus on ESG both as part of bottom-up credit selection and top-down asset allocation.
As a high-conviction, active fund management house, ESG considerations have long been integral to Jupiter’s investment process. In common with all of the company’s investment portfolios, Jupiter Dynamic Bond ESG will be aligned with Jupiter’s stated commitment to achieving net carbon neutrality both across its own operations and the funds that it manages on behalf of clients by no later than 2050.
Jupiter today announces the launch of the Jupiter Dynamic Bond ESG fund (SICAV), a bespoke version of its flagship Jupiter Dynamic Bond fund (SICAV) with a core focus on sustainability. The new fund will actively promote environmental and social characteristics and will be classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR).
Sitting alongside the €9.96bn Jupiter Dynamic Bond fund, Jupiter Dynamic Bond ESG will be run by the same industry-leading management team: Ariel Bezalel, Jupiter’s Head of Strategy, Fixed Income, and Harry Richards, Fixed Income Fund Manager.
Where the existing Jupiter Dynamic Bond fund fully embeds ESG considerations as part of its long-established investment process, Jupiter Dynamic Bond ESG will actively promote environmental and social characteristics, including the transition to a low carbon economy and the promotion of a positive stakeholder agenda, targeted at those investors looking for an Article 8-compliant solution to their global fixed income requirements.
High level asset allocation, as well as key risk characteristics, are expected to remain consistent across the two funds. Jupiter Dynamic Bond ESG will use strict ESG criteria, including certain sector and sovereign exclusions, data science and sustained engagement work, alongside thorough qualitative research, to determine security eligibility for the portfolio. The measurement requirements associated with Article 8 funds will lead to long-term sustainability targets for investee companies and governments across the fund, against which progress will be tracked, monitored and shared.
The Jupiter Dynamic Bond fund will remain classified as Article 6 under SFDR for the time being, and will continue to offer its established rigorous focus on ESG both as part of bottom-up credit selection and top-down asset allocation.
As a high-conviction, active fund management house, ESG considerations have long been integral to Jupiter’s investment process. In common with all of the company’s investment portfolios, Jupiter Dynamic Bond ESG will be aligned with Jupiter’s stated commitment to achieving net carbon neutrality both across its own operations and the funds that it manages on behalf of clients by no later than 2050.
Anna Karim appointed Fixed Income ESG Director
In line with the launch of Jupiter Dynamic Bond ESG, Jupiter is pleased to announce the appointment of Anna Karim as ESG Director, Fixed Income. Anna joined Jupiter in October from Federated Hermes, where her focus was on product innovation and AUM growth for the company’s ESG-focused funds. Prior to taking on that role she sent 20 years in investment banking, at companies including Bank of America Merrill Lynch and Citi Group.
In her new role Anna will work across Jupiter’s broad range of fixed income funds, with a particular focus on Dynamic Bond ESG, looking to promote strong stewardship practices within the team’s approach across the range.
Ariel Bezalel, Head of Strategy, Fixed Income, commented: “Our long experience of credit markets across Jupiter’s fixed income team has taught us how easily weak governance and environmental and social risks can derail seemingly strong or improving credit stories. Our ability to manage downside risk relies on rigorous consideration of potential ESG risks alongside traditional financial analysis, and we are pleased to be formalising and promoting this process within the new fund.”
Warren Tonkinson, Deputy Global Head of Distribution, added: “As a high conviction, active manager, we believe that our clients are best served by investments which will make a positive impact with their money, environmentally, socially, and financially. This is true not just of the funds within our Sustainability suite, but across our entire fund range.
“SFDR, alongside a growing acknowledgment among investors of the urgency to address the environmental challenges impacting our world, has strongly accelerated demand for investments which help to make this positive impact. We are delighted, therefore, to offer this additional fund to clients looking to access our successful and established strategy with specific ESG objectives in mind.”
For further information, please contact:
Despina Constantinides
Head of Communications
+44 (0)20 3817 1278 / +44 (0)7801 337 677
Mark Cotton
Senior Corporate Communications Manager
+44 (0)20 3817 1282
Notes to Editors
About Jupiter:
Jupiter is a specialist, high conviction, active asset manager committed to making a positive difference for our clients by helping them achieve their long-term investment objectives. From the origins in 1985, Jupiter now offers a range of actively managed strategies available to UK and international clients including equities, fixed income, multi-asset and alternatives. Jupiter is a constituent member of the FTSE 250 Index and has assets under management of £60.7bn /$81.8bn /€70.7bn as at 30/09/2021.
Independence of thought and individual accountability define Jupiter. The fund managers follow their convictions and seek those investment opportunities that they believe will ensure the best outcome for Jupiter’s clients. They do this through fundamental analysis and research, a clear investment process and risk management framework, with a focus on good stewardship.
Jupiter believes that asset managers have a critical leadership role to play in helping to resolve some of the greatest challenges facing the world. In this spirit, Jupiter is proud of the long-established credentials in the fields of ESG and sustainable investment, and the ongoing commitment to specialism and innovation in these areas. Jupiter is a constituent member of the FTSE4Good Index, and a signatory on a number of key initiatives such as the UN Principles for Responsible Investment.
Jupiter’s values and responsible business practices are aligned with the principles of the UN Global Compact and the 2020 UK Stewardship Code. Having engaged with the Financial Reporting Council (FRC) on the implementation of the 2020 UK Stewardship Code, Jupiter supports this reinvigorated framework and has undertaken further investor outreach with the FRC and the Investment Association (IA). Furthermore, Jupiter obtained the A+ score for strategy and governance in the latest assessment of activities under the Principles for Responsible Investment (PRI) and also maintained the ‘A’ status under the PRI principles for our equities strategies and improved our ranking to an ‘A’ in fixed income. Jupiter is a member of the Investor Forum (IF), the UK body which helps facilitate collective engagement with companies, with Jupiter’s Edward Bonham Carter on the Board of Directors. Jupiter Chief Executive Andrew Formica is a Board member of the IA and a member of the UK Government’s Asset Management Taskforce, which represents the interests of our industry in key decision-making forums.
Important Information:
The information contained in this press release is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions.
This communication, including any data and views in it, is not a financial promotion as defined in MiFID II. It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.
Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested. Bonds are very sensitive to interest rate changes and it is possible that issuers of bonds will not pay interest or return the capital promised. Bonds may also be
downgraded by rating agencies. These events can reduce the value of bonds and have a negative impact on performance. Income distributing share class charges are taken from capital. Should there not be sufficient capital growth in the Fund this may cause capital erosion. The Fund has the ability to use derivatives for efficient portfolio management purposes. Investments in financial derivative instruments used for efficient portfolio management can introduce leverage risks and negatively impact
performance. he Fund is dependent upon ESG information and data from third parties (which may include providers for research, reports, screenings, ratings and/or analysis such as index providers and consultants) and that information or data may be incomplete, inaccurate or inconsistent.The views expressed are those of the Fund Manager at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances.
Issued in the UK by Jupiter Asset Management Limited, registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ is authorised and regulated by the Financial Conduct Authority. Issued in the EU by Jupiter Asset Management International S.A. (JAMI), registered address: 5, Rue Heienhaff, Senningerberg L-1736, Luxembourg which is authorised and regulated by the Commission de Surveillance du Secteur Financier.
No part of this communication may be reproduced in any manner without the prior permission of JAM or JAMI.
