Jupiter's Pidcock slashes EM exposure to largest-ever underweight on Asia fund

Expectant of emerging market contagion

Laura Dew
clock • 2 min read

Jupiter's Asian Income fund manager Jason Pidcock has removed exposure to countries such as India and Vietnam for the first time in his career, resulting in his largest-ever underweight to emerging markets.

Speaking at the Investment Week Funds to Watch conference, Pidcock said he was "not interested" in Asian emerging markets, despite having run Asian equity funds since 2003.  Currently, his £576m Asian Income fund has 24% allocated to Australia and 22% allocated to Hong Kong. In contrast, it only has 6.6% allocated to China and 3.7% allocated to Malaysia, with zero weightings to Thailand, Indonesia, the Philippines, India, Pakistan or Vietnam. IW Podcast: Are emerging markets still the future of the global economy? These weightings are significantly different to the fund's benchmark...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

EFG's Afzal and Gerlach: A letter from Hong Kong

EFG's Afzal and Gerlach: A letter from Hong Kong

On a recent visit to Hong Kong and Singapore we took the opportunity to meet with market strategists as well as private and public sector economists to better understand the economic problems China is facing given economic sentiment is in the doldrums....

Moz Afzal and Stefan Gerlach
clock 28 March 2024 • 4 min read
Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

New regulations to 'improve competitiveness'

Baylee Wakefield
clock 14 March 2024 • 4 min read
 abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

'Cause to be optimistic'

Elizabeth Kwik and Nicholas Yeo
clock 09 February 2024 • 4 min read
Trustpilot