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Jupiter marks Stockholm launch with Nordic Fund Market tie-up


British fund management group Jupiter has marked the official opening of its Stockholm office by forming an alliance with Nasdaq OMX’s Nordic Fund Market for the distribution of its funds.

Christoffer Kjellberg Ek, sales director, Nordics, will be leading Jupiter’s efforts from Stockholm to establish the Jupiter brand with regional investors.
Kjellberg Ek says the tie-up with Nordic Fund Market represents a significant development for Jupiter.
“We are delighted to be teaming up with one of the most modern and efficient trading platforms in the region and look forward to being able to serve underlying clients to Nasda OMX’s Nordic Fund Market through this alliance,” says Ek. “As we grow our business, our clients will be looking to buy our funds using a reliable, world class and cost-effective service. Nordic Fund Market is a great partner in that regard.”
Jupiter will make available 17 sub-funds of the Jupiter Global Fund and Jupiter Merlin Fund SICAVs on the Nordic Fund Market. These include:
• The Jupiter Dynamic Bond Fund – the EUR2.14bn fund has returned 24.4 per cent since launch compared to a benchmark index return of 15.8 per cent and a sector average return of 5.6 per cent
• The Jupiter European Growth fund, – the EUR797m fund has returned 113.1 per cent over five years versus a return of 74.1 per cent for its benchmark index and a sector average return of 69.2 per cent
• The Jupiter Global Ecology Growth Fund – this fund has returned 61.8 per cent over five years against a gain for its primary benchmark index (FTSE World) of 94.4 per cent, secondary benchmark (FTSE ET100) of 46.1 per cent, and an average sector return of 43.9 per cent.
Jupiter will offer four funds with Swedish Kronor (SEK) hedged share classes. Jupiter’s SICAV funds – Jupiter Dynamic Bond, Jupiter Merlin Real Return, Jupiter Strategic Total Return and Jupiter Europa – will be available to Swedish investors with these share classes.
Ek will focus on developing relationships with professional clients such as banks, insurance companies, asset managers, fund of funds and institutional investors within the region. He joined Jupiter in February from JP Morgan Asset Management (Nordic) where he worked for seven and a half years, most recently as executive director, client adviser, looking after Nordic intermediary wholesale clients and third party distribution clients
Maarten Slendebroek, chief executive, Jupiter Asset Management, says: “With our new office in Stockholm and our partnership with Nordic Fund Market, we are now in an excellent position to offer Nordic investors access to our pool of talented investment professionals who have demonstrated year in, year out the value active management can bring. For nearly 30 years, investors have put their faith in us to look after and grow their wealth. We are confident we can earn the same trust from investors here in the region.”
Jan-Ove Sundgren, sales director, Nasdaq-OMX, Nordic Fund Market, says: “Our clients have been expressing an interest in Jupiter’s products for a while now, and as such we are delighted to announce this tie-up with Jupiter Asset Management. We believe that this alliance will be of great benefit as we strengthen our offering. It cements our position as one of the most attractive trading platforms for fund distributors in the Nordic region.”

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