Nutt's Jupiter Income payout falls 9%


Tony Nutt's Jupiter Income trust has seen its payout to investors fall by 9% after the £2.52bn fund was hit by the BP crisis.

Jupiter Income paid an interim dividend to investors last week of 8.6p per unit, down from the 9.47p payout last year, the Daily Mail reports. Nutt has been a long-term investor in the oil giant, which is withholding its dividend until 2011 at the earliest to pay for the Gulf of Mexico disaster. BP's decision hit the expected income for Nutt, along with many other large equity income funds. The Jupiter manager remains bullish on the oil and gas sector, holding 18.7% in the sector. Royal Dutch Shell is the largest position in the fund at 8.5%, while BP is fourth at 6.4%. Despite the...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
The bank’s 0.5% hike is the largest increase since it gained independence in 1997.

Bank of England predicts recession as it enacts largest rate hike in 27 years

Inflation peak of 13%

Elliot Gulliver-Needham
clock 04 August 2022 • 2 min read
Total funds under management have fallen on the previous year, down to £1.4trn from June 2021’s £1.5trn.

Every asset class suffers outflows in second worst month on record

Responsible investment holds up

James Baxter-Derrington
clock 04 August 2022 • 2 min read