That’swhythefundoffundsstickstoabout14holdings,withthetopthreeeachcomprisingmorethan9%oftheportfolio。

Onesectorthatdefinitelyisn’tthereisproperty。

“Sixorsevenyearsagowewerekeen,”Chatfield-RobertstellsTheMailonSunday。

“Butnowwethinktherealityofthecommercialpropertymarketisthatvalueswillgodown,”hesays,pointingtothepoorperformanceoftheNewStarPropertyandNorwichPropertyTrustfunds。

HelikesAsia,however,whereimprovedbalancesheetsandgreaterinter-regionaltradehavehelpedoneofhisbiggestholdings,FirstState。

“Wehaveknown[manager]AngusTullochforalongtimeandlikewhathe’sdoing,”hetellsFinancialAdviser。

Thefundhasbeenoneofthebestperformersinaportfoliothat’sreturned70%inthepastfiveyears。

“AllofJupiter’smanagershavebeenaroundtheblock,”MarkDampierofHargreavesLansdowntellstheDailyMail。

Butevenbytheirstandards,Chatfield-Robertshas“awealthofexperienceandisoneofthebestfundoffundmanagersaround”。

Contact:02073147600

JupiterMerlinIncomePortfoliotoptenholdings

Nameofholding,%ofassets

ArtemisIncomeFund,9。

79%InvescoPerpetualIncomeInc,9。

53%JupiterIncomeTrustFund,9。

47%FirstStateAsiaPacificFund,7。

39%RathboneIncomeFund,5。

02%RoyalLondonSterlingExtraYieldBondA,5。

02%ThamesRiverHighIncomeGBP,4。

85%JupiterUKGrowthFund,4。

68%AxaFramlingtonEquityIncomeFund,3。

89%OldMutualCorporateBondInc,3。

69%

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