Image:
Jupiter's Richard Curling
Jupiter Asset Management is changing the name and objective of the Monthly Income fund today (19 March) to reflect the fund's shift towards alternative investments.
The fund - which mainly invests in investment trusts - has an updated investment policy in recognition of the decade-long trend for investment trusts to invest increasingly in alternative investments, such as real estate, private equity and credit. As of today, the fund will be named Jupiter Monthly Alternative Income and will move from the IA UK Equity and Bond Income sector to the IA Specialist sector. Jupiter reports £4.6bn outflows in CEO Slendebroek's 'challenging' last year; Unveils Luxembourg hub The fund's target - to achieve a high level of sustainable income with the pote...
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
