Jupiter CIO John Chatfeild-Roberts has said he will seek to invest more of his £9bn Merlin multi-manager range in funds with overseas assets if sterling maintains its upwards trend.
After a year of stellar returns from Japan, investors are concerned the Japanese equity funds that beat competitors in 2013 will not be able to deliver again this year.
Preliminary figures released today show the US economy grew at an annual rate of 3.2% in the last quarter of 2013, in line with analysts' expectations.
Japan's Nikkei has dropped another 2.5% overnight as equity markets move further into the red following a fresh tapering announcement from the US Federal Reserve.