Chatfeild-Roberts holds Fof cash until autumn

In the rising interest rate environment, John Chatfeild-Roberts, head of independent funds at Jupite...

In the rising interest rate environment, John Chatfeild-Roberts, head of independent funds at Jupiter, is taking a positive view on holding cash in the group's fund of funds (Fofs). Indeed, the Merlin Income Fof is currently maintaining a 10% cash weighting and Chatfeild-Roberts expects this holding to continue throughout the summer. This is to hedge against what he expects will be a difficult market environment, although he plans to reinvest it in the autumn. Speaking on an intermediary conference-call last week, Chatfield-Roberts said: "We take a positive view on cash and think it is an...