Jupiter is market testing a closed-ended vehicle for Tony Nutt that will take a bullish view on larg...
Jupiter is market testing a closed-ended vehicle for Tony Nutt that will take a bullish 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, which would launch in mid-December. This trust is likely to be a FTSE 100 dominated portfolio that uses equity-linked gearing to cushion the impact of a falling market. Nutt would use an index-linked loan note to track the performance of the FTSE 250 while investing in FTSE 100 stocks. Shareholders would then receive any outperformance of the portfoli...
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