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Fifth fund for Chatfeild-Roberts’ Merlin range

John Chatfeild-Roberts

The FSA has given Jupiter the green light for the fifth fund in John Chatfeild-Roberts’ £7.3bn Merlin multi-manager range.

The Jupiter Merlin Conservative Portfolio was added to the FSA register on 10 August with “authorised” status.

The fund is the cautious addition to the range, which was first revealed in June.

Jupiter declined to offer any further details of the launch, which is understood to have a low risk profile, with a greater focus on income.

The group is understood to be targeting a launch by the end of the third quarter. The fund will mark the first onshore addition to the Merlin range since the launch of the £1.3bn balanced fund in October 2002.

The fund will sit in the Investment Management Association mixed investment sector 0-35 per cent. Funds in the sector are required to have a range of different investments, with up to 35 per cent of the fund invested in equities. At least 45 per cent of the fund must be in fixed-income investments and/or cash investments.

Chatfeild-Roberts, Algy Smith-Maxwell and Peter Lawery’s multi-manager range currently comprises the £3.6bn Jupiter Merlin Income Portfolio, £1.6bn Jupiter Merlin Growth Portfolio, £1.3bn Jupiter Merlin Balanced Portfolio and £752m Jupiter Merlin Worldwide Portfolio.

Chelsea Financial Services managing director Darius McDermott says: “Jupiter has a strong multi-manager offering and I am sure this fund will be no different and will gain traction in the IFA market.”


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