Jupiter's Multi-Manager Team Prepares for a Market Correction

Look for the fund managers that are going to lose the least in the downturn, says John Chatfeild-Roberts' team - because a stock market correction is coming

Emma Wall 24 May, 2017 | 10:28AM

Never make a prediction with timing, jokes John Chatfeild-Roberts, of the Jupiter Merlin team. Paraphrasing the asset manager's former chief executive Edward Bonham-Carter. But while the multi-manager Merlin team was unwilling to put a date on the downturn, their mood was unequivocally bearish.

“This bull market has been going on for a very long time,” said Chatfeild-Roberts to journalists in London yesterday. “Central banks are tightening – the European Central Bank is reducing asset purchasing, the Bank of England has stopped QE and the Fed has been raising rates for the past year. The straws are in the wind.”

It is not just central bank policy issuing warning signs; the team spoke of stressed Chinese inter-bank markets, problems in the US student debt system and worrying figures from the auto-loan market in America.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc Class C1,495.70 USD0.00
Amazon.com Inc3,057.04 USD0.00
Facebook Inc A240.28 USD0.00
Jupiter Merlin Balanced Portfolio Acc199.69 GBP0.38
Netflix Inc493.81 USD0.00

About Author

Emma Wall  is former Senior International Editor for Morningstar

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