The political ground is shifting among the western democracies: the emphasis is no longer merely on containment and conquest of Covid-19, it’s how and when to unshackle economies and get people back to work again. The political imperative is most immediate for President Trump, now only seven months away from his date with the electorate and the ballot box.

Ariel Bezalel and Harry Richards analyse the global macro environment and what it could entail for fixed income markets.

Our scepticism and our underweight exposure to US, UK and EU banks have kept the Jupiter Global Financials strategy safe from the bulk of the unfortunate deluge of dividend cancellations and profit warnings that COVID-19 has induced. Where we do have exposure, it is focused on banks and insurance companies with quality management teams in developed countries such as Switzerland or the US, such as the Swiss regional lender Banque Cantonale Vaudoise.

Jupiter’s investment experts react to the outbreak of conflict in Iran, discussing the global market response so far, and what this could mean for the bigger picture.

Dividends have gone into lockdown. As the world attempts to control the spread of coronavirus, companies are slashing or foregoing their dividends globally in an effort to shore up their capital. In Europe, the European Central Bank (ECB) has taken it a step further, ordering banks to pause all dividends and share buybacks, and there is a real possibility other central banks may follow suit.

Jupiter investment experts in European Equities and World Equities discuss what 2026 may have in store for markets.

Barely a day goes by around the world without another lock-down, border closure, confinement order or congregation curtailment as countries look after their own domestic interests first, anybody else’s second. National portcullises are down, drawbridges up, gates firmly shut. Central bank policy statements and national treasury crisis responses to help support markets, businesses and livelihoods are ten-a-penny and on shifting sands; interest rates evaporate, the stimulus and life-boat sums are telephone numbers long.

Some of Jupiter’s leading investment experts give their view on what 2026 may have in store for fixed income investors.

Markets slumped in the last week of February, but the Growth vs Value valuation spread actually widened further, explained James Clunie, Head of Strategy, Absolute Return. In the history of Growth vs Value spreads, we’re now in the 100th percentile, so it’s very extreme! Even when you’re in the 100th percentile, it can of course get even worse, and that’s what has happened.

Some of Jupiter’s leading investment experts discuss what 2026 may have in store for equities markets.

So far, 2020 has not seen any let up in the strong headwinds facing Value investors, said Ivan Kralj, Assistant Fund Manager, Absolute Return. The spread in valuations between Growth and Value stocks worldwide has already been widening for an extended period of time, but has become even more extreme in recent months.

The Jupiter Merlin team look ahead to 2026. Will Trump be backed into a corner after the US mid-terms, and will governments finally get a handle on their debt nightmare?

In this edition of Active Minds, Rhys Petheram and Charles Sunnucks look at the market’s reaction to the coronavirus so far, and why any assumption of a V-shaped economic recovery once the crisis abates may be premature. Meanwhile, Greg Herbert looks at the defensive nature of the rally in European equities, Robert Siddles assesses the bright future for the US’s dynamic, lightly regulated economy, while Steve Davies comments on some positive macro data in the UK.

Some of Jupiter’s leading investment experts discuss what 2026 may have in store for equities markets.

Dermot Murphy looks back on another tough year for Value investors. But could things be approaching a turning point? Dermot examines the extreme level of valuation spread in the market and the low valuations now on offer, which make Jupiter’s Value Equities team more positive on the outlook for Value than they have been for some time.

As 2026 approaches, three of our leading alternative investment managers explain why uncorrelated assets are worth considering, in order to enhance the robustness of a portfolio.

In this edition of Active Minds, James Moir looks at the reversal of some post-election gains in the UK market and asks whether investors are overly focused on backward-looking data. Paul Pulickal looks at whether financial credit is likely to continue its strong run into 2020, Colin Croft reports on positive progress being made in Brazil, while Antoine Hucher looks at three trends that are set to shake up the European payments sector.

Jason Pidcock and Sam Konrad discuss Asia ex-Japan equity income investing in the current macro-economic environment and why they like gold, Singapore and technology stocks.