Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3194

Jubilee delays launch of new product range

RELATED TOPICS​

Investment boutique Jubilee Financial Products is to delay the strike date of four new investment products until 25 September.

Investment boutique Jubilee Financial Products is to delay the strike date of four new investment products until 25 September.

The company says the delay should benefit investors as it believes the market will be lower in September following the recent runaway bull run.

Senior partner Ian Millward says: ‘Our latest set of products were due to strike on 7th August but because of the way they are structured to take advantage of growth in the FTSE 100 Index, we have decided to hold off until next month as we believe there will be a  market correction. If we are right this will ultimately reward investors. Trying to call the market is generally a pretty dangerous game to play – but just occasionally there are times when it is the right thing to do.’

The JFP house view is that the current bull run – which in July saw the best monthly gains in the FTSE 100 for six years – will come to a halt in September when traders return to their desks after the summer break and confront the realities of higher unemployment and reduced consumer confidence.

‘This will in turn engender profit taking as investors are generally still risk averse, and any uptick in volatility from summer’s low levels will lead to a correction in share prices,’ says Millward.

‘The rally saw a ten per cent rise in July alone and a 30 per cent bounce since March – it has been an extraordinary recovery considering the near total collapse of the global financial system just a few short months ago.

‘But the rally is not supported by recent economic data. Trading volume is effectively over 40 per cent down on the same time as last year, so this rally does not appear to be driven by any great conviction or weight of money.

‘Our longer term view is that there will be significant investment opportunities, but in the short term there is little to suggest that this is anything more than an unsustainable collective sigh of relief. JFP is not in the business of attempting to call short term market movements on a regular basis, but we do believe we are still working our way through unprecedented times, and this conviction is obviously shaping our own view on the investments we launch.’

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by