The Jupiter Global Government Bond Active UCITS ETF is the asset managers first ETF.
Jupiter has launched an active exchange traded fund (EFT) for global government bonds in partnership with ETF specialist HANetf.
The Jupiter Global Government Bond Active UCITS ETF is the asset manager's first ETF.
The asset manager said that active ETFs provided an, “alternative and democratic access point” for investors, and wer consistent with its active, high-conviction investment management approach.
Jupiter sees global sovereign bonds as an ideal asset class for an active ETF.
The Jupiter Global Government Bond Active UCITS ETF, or GOVE, aims to outperform traditional sovereign bond investments by offering a diversified portfolio of developed and emerging market government debt, with a low correlation to equities and other risk assets.
The fund's investment strategy focuses on identifying mispricing in the sovereign bond market by comparing Jupiter’s perception of the current economic picture to market expectations.
The fund is managed by sovereign debt investment manager Vikram Aggerwall.
Matthew Beesley, CEO of Jupiter, said the asset manager had been looking for new areas for growth.
He said: “We know that the greater transparency, speed of execution and competitive pricing points mean that clients are looking to increase their exposure of active ETFs. We believe Jupiter’s truly active investment approach and differentiated product offering leave us very well placed to grow assets in this exciting new area.”
ETFs have been a popular area for expansion for asset managers in recent years.
Fund manager Janus Henderson launched what it claimed to be the first active ETF in Europe in October 2024 having acquired European ETF provider Tubula earlier in the year.
Jupiter recently announced the expected closure of two funds within its emerging market debt business. The fund manager has had a tough couple of years. Statutory pre-tax profit slumped by 84% to £9.4m for the year ended 31 December 2023, compared to £58m in 2022.
