Jupiter is market testing a closed-ended vehicle for Tony Nutt that will take a strong view on large ...
Jupiter is market testing a closed-ended vehicle for Tony Nutt that will take a strong view on large caps while effectively shorting the FTSE 250. The group is currently talking to clients to gauge interest in the cautious income product. The trust would issue an equity index-linked loan note that tracks the performance of the FTSE 250 while investing in FTSE 100 stocks. Shareholders would then receive any outperformance of the portfolio plus the excess of the loan note return minus the cost. For example, if the trust returned 15% and the loan note 10%, investors would receive 15% plus...
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