Jupiter launches global energy fund

Jupiter has made its first foray into the energy space with the launch of a global energy fund for the group's resources manager Derek Pound.

The Jupiter Global Energy fund will look to tap into the rising demand for energy in the emerging market space. The fund will be exposed to oil, gas and coal stocks in the exploration, production or distribution energy spaces, with an emphasis on capital growth. The portfolio comprises of between 30 and 60 stocks and is benchmarked against the MSCI World Energy index. Pound said he will also invest in new technologies, such as renewables. "The need to ensure energy supply and security, plus the development of sustainable, renewable or alternative sources has never been more re...