Jupiter close to 10% market share of resurgent Fof sector

Jupiter’s Merlin multi-manager range has built up a 9% market share of the growing UK fund of funds space, with close to £4bn in assets under management.

All four Jupiter Merlin products – run by John Chatfeild-Roberts and team– are among the top 14 largest UK fund of funds vehicles, according to Trustnet.

Jupiter, through its Income, Growth, Balanced and Worldwide funds, now controls 9%, or £3.86bn, of the £42.7bn UK funds of funds industry, IMA figures reveal.

The group’s popularity comes during a strong period for the UK fund of funds space, with total retail fund sales climbing to £3.9bn last year, almost four times the 2008 figure and the highest ever recorded.

“We have seen significant growth year on year and the main reason for this has been the growing adviser trend of outsourcing investment expertise,” Jupiter UK wholesale director Simon Hines says.

“We have also benefited from having the same team together under John for 10 years, which is a track record not many others in the industry can match.”