Jupiter European swapped its Mowi shares because of volatility in fish prices

editorial staff

UK fund management group sold shares in world’s largest salmon farmer.

In an interview with the Telegraph, Mark Nichols who is the fund manager for the GBP 5 billion Jupiter European Fund portfolio went into his decision.

Nichols explained Jupiter – which manages GBP 45.1 billion in total and is listed on the London Stock Exchange – swapped it for holdings at Dutch chemicals distributor IMCD.

“A new holdings is IMCD, a Dutch chemicals distributor that supplies food and beverage companies. We swapped it for an old holding in Mowi, a salmon farming business. We like the idea that more people will eat fish from sustainable sources but think there is a lot of volatility in fish prices. We look for consistency in the earnings of the companies we buy,” he added.


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