Jupiter Asian Income
Well-known Asian income manager Jason Pidcock combs the breadth of the Asia Pacific market in search of large companies with reliable dividends that can deliver both income and growth for investors. Jupiter Asian Income fund aims to capitalise on the opportunities of today, as well as the potential of tomorrow, and is not afraid to hold much more or less of certain countries than its benchmark in pursuit of this aim.
Our Opinion
Fund Managers
Expand
Fund Managers
Close
Jason joined Jupiter in 2015 and is now the Head of Strategy for Asian Income, managing the Jupiter Asian Income Fund and the Jupiter Asia Pacific Income Fund. Before Jupiter, he worked at Newton from 2004, where he managed an Asian equity income fund until 2015. Prior to that, Jason handled stock selection and asset allocation for the Asia ex-Japan region for the BP Pension Fund. He began investing in the Asia Pacific region (excluding Japan) in 1993.
N/A
Jason joined Jupiter in 2015 and is now the Head of Strategy for Asian Income, managing the Jupiter Asian Income Fund and the Jupiter Asia Pacific Income Fund. Before Jupiter, he worked at Newton from 2004, where he managed an Asian equity income fund until 2015. Prior to that, Jason handled stock selection and asset allocation for the Asia ex-Japan region for the BP Pension Fund. He began investing in the Asia Pacific region (excluding Japan) in 1993.
Read More
Risk
Read more
Back
Company Description
Founded in 1985, Jupiter Asset Management has grown from a specialist investment boutique to a global fund management company. It provides a range of products from bond and equity funds to multi-asset strategies for both retail and institutional clients. Jupiter is a strong proponent of active management and therefore gives its managers the freedom to run their funds their way, without having to adhere to a 'house' view. In July 2020, Jupiter completed its acquisition of Merian Global Investors.
Fund Performance
Close
Risk
Close
Talking Factsheet
Quote from the Fund Manager
Politicians and central bankers may erode your savings via taxation and inflation. I do my best to increase them.
Jason Pidcock
Lead Manager
Investment process
Jason will predominantly look for large companies that are leaders in their markets, from the more developed countries in the Asia Pacific region, including Australia and New Zealand. The fund’s construction is primarily driven by stock selection, though Jason believes it is crucial to understand the economic context and does a lot of reading and studying of the region. The process will predominantly look for companies with a higher dividend yield, but has scope for up to 20% in stocks that offer dividend growth opportunities which will help increase the fund’s dividend over time. With this strategy, Jason aims to yield 20% more than the respective benchmark. The portfolio is typically high conviction with between 30-50 stocks held.
Risk
Asian equities generally carry more risks than UK or other developed stock markets and regional currency fluctuations add to risk levels. However, Jupiter Asian Income fund does have exposure to a range of different currencies which should help with stability. It also diversifies across different sectors. The income focus has helped to make the fund less volatile than its peers and its benchmark. Jason is also very aware of liquidity risk and being able to trade his stocks at reasonable levels, a risk he factors in when building portfolios.
ESG
ESG - Limited
The primary goal of this fund is to provide strong, long-term returns for investors from a combination of income and capital growth. Jason considers ‘stewardship’ to be an integral part of the process, which includes the consideration of all risks the portfolio is exposed to, such as ESG factors. He incorporates this on a case-by-case basis, with each company’s individual position addressed in isolation. Each stock is reviewed for the potential ESG exposure it offers the fund, and whether or not this risk is priced in to the stock’s valuation. The outcome of this analysis will affect the investment decision, including the position size, the engagement strategy with the management should Jason feel there could be improvement, or a sell decision should the situation change going forward.
The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund nor of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating. All performance data, as well as fund size, OCF, AMC, annual income (historic), share price discount or premium, is sourced directly from FE Analytics, and will change periodically.