Jupiter to keep £500m of flagship fund after manager's exit
FTSE 250 asset manager Jupiter is set to keep nearly £500m of the funds run by the departing fund manager Ben Whitmore.
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FTSE 250 asset manager Jupiter is set to keep nearly £500m of the funds run by the departing fund manager Ben Whitmore.
The Jupiter Income trust is changing its name in response to shareholder feedback, the asset manager told clients.
Jupiter Unit Trust Managers will rebrand the Jupiter Multi-Asset Income fund to Jupiter Merlin Monthly Income Select, effective from 13 October 2023.
Jupiter has launched the Merlin Select multi-manager range, which will invest at least 25% of assets into the firm’s Merlin portfolios.
UK equity income funds saw performance improve in 2021 but investors still pulled £3.8bn