Jupiter to merge Shaftan's Europe sub-funds

Jupiter plans to merge the Emerging Europe Select and New Europe sub-funds in its Luxembourg-domicil...

Jupiter plans to merge the Emerging Europe Select and New Europe sub-funds in its Luxembourg-domiciled Global Sicav. The two funds, managed by Elena Shaftan and team, will be united to create a £45m vehicle with increased liquidity and reduced total expense ratio, subject to shareholder approval. Jupiter had intended to run the Emerging Europe Select with a small-cap bias, but changed approach as the outlook for less liquid stocks in the region deteriorated amid the recent market turmoil. The New Europe's investment policy has increased flexibility, allowing exposure to Western compan...