Jupiter to launch cautious Merlin fund for Chatfeild-Roberts

Jupiter is preparing to add a cautious product to John Chatfeild-Roberts' £7bn Merlin range, Investment Week understands.

The Jupiter Merlin Cautious portfolio will be the fifth addition to Chatfeild-Roberts, Algy Smith-Maxwell and Peter Lawery’s multi-manager range, when it comes to market towards the end of the third quarter. The fund will have the lowest risk profile of all the offerings in the suite, with less of a focus on equities and more in fixed income. At present, the Income product is the most cautious of the Merlin funds, with an upper limit of 60% in equity funds and the remainder of its allocation in bonds.  Merlin Cautious is expected to list in the IMA Mixed Investment 0-35% Shares sector,...