Jupiter set to launch split cap unit trust

What made the news on 24 January 2000

Jupiter planned to launch a unit trust of split capital investment trusts with a projected yield of 8%. The Jupiter Monthly Income fund was to be managed by Laurie Petar and invest 80% in split capital trusts and the remainder in high-yield fixed interest including convertibles. On the same date, Jupiter was to launch a Global Technology fund to be managed by Prakash Rajasekaran, who at the time was running the Jupiter Income fund while manager William Littlewood was on a supposed sabbatical.