Jupiter duo warn of 'disruptive events' in next 12 months

Ian McVeigh and Steve Davies, managers of the £1.1bn Jupiter UK Growth fund, have said domestic investors should be wary of a number of ‘disruptive events' which could impact share prices over the next 12 months.

While the managers retain their bullish outlook on their favoured sectors, such as UK banks, Davies pointed to the September referendum on Scottish independence, the 2015 general election, and the prospect of a base rate rise as issues to watch. “There are three substantial disruptive events coming in the next twelve months,” Davies said. “Above all, you have to take a view of political risk. If you have a relaxed view on that then equities look decent value,” added McVeigh (pictured). Davies described the first quarter of 2014 in particular as “horrendously difficult” for active m...