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Zero to hero: three resurgent funds tipped by the experts


Value stocks are resurgent, lifting the funds that back them
The turnaround in stock markets as lockdowns ease, lifting the shares of companies hit hardest by the pandemic, has sent funds that were languishing at the bottom of the performance charts last year surging to the top of the table.
The rebound in the shares of “value” companies, such as high street retailers, banks and leisure and hospitality firms, follows prolonged poor performance and heavy falls last year.
Funds that back them racked up losses for their investors and trailed rivals in 2020 but have now sprung into life. Among funds investing in British stocks, 60 which were among the bottom 25pc performers last year are now in the top 25pc for 2021. ....

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Jupiter loses out on £322m EM mandate to Somerset Capital


Jupiter loses out on £322m EM mandate to Somerset Capital
Omnis pulls Jupiter off second mandate in less than a year
Omnis Investments has yanked its Omnis Global Emerging Markets Equity Opportunities mandate from Jupiter, appointing Somerset Capital Management instead.
The appointment of Somerset to manage the £322m fund from 8 April was driven by Omnis’ focus on “delivering the best outcomes for clients and advisers”.
The fund had been run by Jupiter’s global emerging markets head of strategy Ross Teverson since launch in August 2019. Since inception it has returned 17.1% while its benchmark the MSCI Emerging Markets index has delivered 26.3%. ....

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5 Funds for a UK Economic Rebound


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