Jupiter close to 10% market share of resurgent Fof sector

Jupiter's Merlin multi-manager range has built up a 9% market share of the growing UK fund of funds space, with close to £4bn in assets under management.

All four Jupiter Merlin products – run by John Chatfeild-Roberts and team– are among the top 14 largest UK fund of funds vehicles, according to Trustnet. Jupiter, through its Income, Growth, Balanced and Worldwide funds, now controls 9%, or £3.86bn, of the £42.7bn UK funds of funds industry, IMA figures reveal. The group’s popularity comes during a strong period for the UK fund of funds space, with total retail fund sales climbing to £3.9bn last year, almost four times the 2008 figure and the highest ever recorded. “We have seen significant growth year on year and the main reason f...