Jupiter moves into China

Jupiter, the UK fund management consultancy, has set up an investment company to cover China.

Jupiter China Sustainable Growth, to be managed by Jupiter’s China fund manager Philip Ehrmann, will be closed-ended, domiciled in Jersey and listed on the London stock exchange. Its aim will be to find socially responsible companies that have the potential to become market leaders.

Ehrmann, who will be supported by Jupiter’s socially responsible investment and governance team, said SRI investment in China would be made easier by the Chinese government’s 11th five-year plan [2006-2010], which takes account of the social and environmental impacts of companies.

‘The ultimate objective is to transform the economy from being export-driven, wasteful and polluting to one of healthy and sustainable growth,’ he said. ‘I believe that these major policy reforms offer an incredibly compelling investment case. We will be concentrating on identifying those companies which operate in the key growth sectors such as agriculture, transport, healthcare, education and the environment, and which stand to benefit from being at the core of the government’s strategy.’