Millar seeks 3% yield from Jupiter Euro Equity income

Jupiter's European Equity Income fund will target a 3% annualised net yield when it comes to the mar...

Jupiter's European Equity Income fund will target a 3% annualised net yield when it comes to the market on 8 May. The fund will be under the management of Malcolm Millar, who has been running Jupiter's Pan-European Growth Sicav for the past four years. The Sicav is now under Europe head Alex Darwall. Millar said he expects to hold around 60 stocks at launch, with the maximum number of holdings set at 90. He said: "This will be a pure stockpicking fund but it will have some identifiable themes. "We will be overweight financials, with large positions in the banking sector as I see a stro...