Australian, Norwegian and Canadian government bonds are the new safe haven for bond investors, Ariel Bezalel, manager of Jupiter's £418m Strategic Bond fund, has said.
The European Union said Greece will not be allowed to default because of the weak state of the region's banking system.
BlackRock has bought about £63m worth of shares in Jupiter, doubling its stake in the fund manager to more than 10%.
Jupiter financials manager Guy de Blonay warns of challenging summer ahead for financials as markets digest macroeconomic worries
Innovation and competition are at the heart of the UK's vibrant and competitive fund management industry, which is second only to the US.
Multi-manager funds proved popular among investors in the first quarter of 2011, with groups including Jupiter and Henderson all seeing a rise in sales thanks to their funds of funds, according to the latest Pridham report.
Amanda Sillars and David Lewis are joining Jupiter's Merlin fund of funds team, led by CIO John Chatfeild-Roberts, on 18 May.
Chinese inflation has reached a peak, according to Jupiter's Philip Ehrmann, who also believes monetary policy is likely to become more relaxed in the second half of this year.
Pressure from cheap passive investment products will put pressure on active managers to justify the fees they charge, said Jupiter's Edward Bonham Carter.
Jupiter income manager Tony Nutt has made the Sunday Times Rich List for the first time with a fortune of £76m.