Jupiter launches a new active ETF, the Global Smaller Companies Active ETF
11 NOV, 2025
By Joanna Piwko from RankiaPro Europe
Jupiter Asset Management announces the launch of the active ETF Jupiter Origin Global Smaller Companies UCITS (JOGS), the second active ETF of the house. Developed in collaboration with white label specialist HANetf, the product offers flexible and transparent access to the global small cap segment.
Details on strategy and management team
JOGS will be managed by the Jupiter Origin team, composed of five professionals with an average experience of 20 years in investment management. The team is led by Tarlock Randhawa and includes investment managers Chris Carter and Nerys Weir, as well as analysts Ben Marsh and Ruairi Devery-Kavanagh.
“We believe that our philosophy and our investment process offer something different, that clients can understand and trust over time. The approach we follow is based on clarity, data and discipline. We deliberately avoid forecasts and subjective opinions in portfolio construction, instead applying collective judgement to the objective data generated by our process. This objective mindset helps us avoid emotional biases and ensures that investment decisions are repeatable, transparent and consistently applied”.
Tarlock Randhawa, Head of the Jupiter Origin team
According to Jupiter, the team adopts a highly differentiated and clearly defined investment process, with solid long-term performance. Compared to the MSCI AC World Small Cap benchmark, the Jupiter Origin strategy has outperformed over one, three, five and ten year horizons. The approach combines fundamental and quantitative analysis, focusing on companies that balance four key characteristics:
- High profitability and growth
- Interesting relative valuations
- Positive earnings revisions
- Positive stock price momentum
Market context, costs and quotes
In the last two decades, global small caps have outperformed large caps by over 2% per year on average. According to the usual valuation criteria, global small caps are below historical highs, while large caps are at levels close to their highs. A global approach to small caps also offers greater diversification opportunities, including exposure to emerging markets, which have historically outperformed developed ones.
JOGS applies an annual total cost (TER) of 45 basis points. The fund will be listed on the Italian Stock Exchange and on the German Xetra on November 12; listings on the London Stock Exchange (LSE) and on the Swiss SIX, subject to registration, will follow.
