- Described as a “one-stop shop for fixed income” the Jupiter Strategic Bond fund invests across the ratings spectrum, from global government bonds to corporate bonds (investment grade and high yield) and into emerging markets (both hard and local currency).
- “The absolute yields available in fixed income are currently very compelling,” said Ariel Bezalel, co-investment manager. “In the UK gilt yields have shot through 5% on 10-years and are heading to 6% on 30-years, while Europe also looks attractive with a big uplift in government bond yields.”
- Bezalel believes the amount of interest rate hikes being priced into these markets is too high, with economies in the UK and Europe facing several structural problems which are causing them to slow down, in turn making central banks reluctant to raise rates.
- “At the same time corporate bonds offer very attractive absolute returns for what we think are very solid businesses, while in the emerging market space, particularly in local currency, we are seeing many compelling opportunities.”
- Within emerging markets, Bezalel sees opportunities in countries as far and wide as Brazil, Mexico, South Africa, Venezuela and Paraguay.
- “Our base case today is that we are not in a recession,” he said. “Corporate earnings are still robust, and default rates are benign, however we are concerned that what is going on in private credit could infect the high-yield market. As a result, we have been selectively cautious in our high-yield book.”
Launch date
2 June 2008
Fund size
Source: Jupiter, as at 12 May 2026.