Jupiter

ON EMERGING MARKETS

Jupiter Absolute Return fund manager Philip Gibbs has built up large short positions in US and German sovereign debt.

A CRISIS IN THE WEST

Managers are expecting the Chinese government to continue to raise interest rates and begin to normalise monetary policy as the country looks to control rising inflationary pressures.

Jupiter's Guy de Blonay is taking over lead management of the group's £1.04bn Financial Opportunities fund on 1 January, allowing Philip Gibbs to focus on running his other mandates.

The value of AIA has soared above the $35.5bn failed Prudential offer on its trading debut, with shares in the Asian insurer climbing as much as 17% today.

The interest rate rise in China last week, which initially unsettled global equity markets, has been seen by managers as a positive move for the sustainability of the burgeoning economy.

Asian insurer AIA raised $17.8bn in its long-awaited IPO this morning, valuing the group at $30.5bn.

Jupiter financials specialists Guy de Blonay and Philip Gibbs have placed an order for shares in the giant AIA share offering.

ON JAPAN