Jupiter Asset Management has fully sold its U.S. Treasury holdings in one of its main bond funds and shifted into European government bonds, 36Kr reported. Harry Richards, who co-manages the GBP 1.3 billion (USD 1.7 billion) Strategic Bond Fund, said the fund completely exited U.S. Treasuries two months ago and now holds only small amounts of Treasuries across four other funds he helps manage.
Richards cited signs the U.S. economy is "overheating," which he said makes U.S. rate hikes more likely than in Europe, reducing the appeal of U.S. government bonds. He said this is the first time in nearly a decade that the Strategic Bond Fund has held no U.S. Treasuries.
Jupiter Asset Management Sells All U.S. Treasuries in Major Bond Fund, Buys European Government Debt
2026-07-09 06:40:57
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
