IFA reaction to Jupiter’s planned global income fund has been mixed, with some advisers voicing concerns that star manager Anthony Nutt may become overstretched.Nutt already runs £4bn in retail money split across the £3.4bn income and £600m high-income trusts. Bestinvest head of communications Justin Modray says: “My main concern would be whether they are stretching the capabilities of the managers too far. For Tony Nutt, this would be a huge expansion of his remit.” The new launch, planned next year, is part of Jupiter’s plans to expand its Sicav range, which also sees earlier new launches for Elena Shaftan and Philip Gibbs this November. Shaftan, who runs the group’s Russian and central European-invested £504m emerging European opportunities fund, will have greater flexibility, with the new emerging Europe select mandate being able to invest up to a third in the Middle East and Africa. The fund will be more small cap focused and capped at £100m. Financial opportunities manager Philip Gibbs will run a global financials fund, which will also have greater small cap exposure. Hargreaves Lansdown head of research Mark Dampier says: “We have a big holding in Elena Shaftan’s present fund and I will certainly buy into her new one. The small cap area is not too liquid so you have to be more careful and I think a smaller-sized fund will help her.” Jupiter hopes the fund launches will also help boost sales in continental Europe and Asia.