Jupiter is to launch a Ucits III fund investing in global emerging markets for Kathryn Langridge.
Scheduled for launch in November, the fund will aim to achieve long-term capital growth through companies that are either listed in emerging markets or in developed markets but have exposure to emerging markets.
Langridge will focus on high quality companies that are likely to dominate their industry, generate good levels of earnings and dividend growth and who manage their capital efficiently.
She will monitor risk by keeping the portfolio diversified across markets, sectors and capitalisation. The portfolio will typically hold between 60 and 70 different stocks selected from an investment universe covering 21 countries across Africa, Asia, Europe, Latin America, the Middle East and the Pacific region. (article continues below)
When selecting stock for her portfolio, Langridge will place emphasis on meeting the management teams in order to identify strong and sustainable growth companies. Good capital management and high quality dividends, she says, are crucial aspects of total return
Langridge says despite resilient and superior economic growth in emerging markets, companies still see robust earnings and structural improvement. Stockmarket valuations remain reasonable, she adds, and quality companies offer considerable growth potential. Langridge expects to find valuation inefficiencies mainly in the mid-cap space.
Langridge joined Jupiter in September after spending three years at Lloyd George Management. She is best known for her time at Invesco Perpetual, where she spent 17 years in numerous roles, including head of Asian Investments and head of international equity products.