Jupiter Global Financials Fund (LU0262308454) is changing its investment focus from traditional and large banks and insurers to financial technology stocks, in what could be a growing trend among financials funds. The fund, which has been run by Guy de Blonay since 2015, will be renamed Jupiter Financial Innovation Fund.
Mr De Blonay has changed its investment objective because he thinks the shift to these types of companies will “shape and dominate” the financial industry.
Gavin Haynes, managing director at wealth firm Whitechurch Securities, says "this is because financial technology is a key growth theme."
Read the full article at Investors Chronicle, 22nd November 2018.