Chatfeild-Roberts ups Latin America exposure across Merlin range

Jupiter's chief investment officer John Chatfeild-Roberts has upped his weighting to Latin America across his £6bn Merlin multi-manager portfolios after taking profits in the region last month.

In February the manager sold down holdings in Findlay Park Latin American and reallocated capital to developed market funds as part of a more cautious stance across the Merlin range. This was driven by fears about macro headwinds such as unrest in the Middle East, reduced liquidity and increased volatility in markets. However, in March the team began adding to Latin America again with an average 3%-4% increase in the Findlay Park fund across all the Merlin portfolios, with the exception of the Income fund. Peter Lawery, a manager on the Merlin portfolios, said the team is poised to in...