Jupiter's Bezalel increases duration on £3.5bn Strategic Bond fund

For first time since cutting it in 2016

Jupiter's Ariel Bezalel has started increasing duration on his £3.5bn Strategic Bond fund over the last few weeks, after substantially reducing it last summer.

The manager and his team cut duration substantially last summer, from 5 to 6 years at the start of the year to just 2.9 years, after taking the view the rally in sovereign bonds had become overdone.  Bezalel (pictured) said: "I have been increasing duration in the fund recently for the first time after cutting it last year. At one point, it was as low as one year." The manager said treasuries are looking particularly attractive, while he believes risk assets are "perfectly priced". He added the US is "not as hot as most are making out", and believes if the outlook for the country s...