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...
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