The fund is not yet registered for retail distribution in the UK but is part of the newly-launched Jupiter Merlin funds Sicav which has been approved by the Commission de Surveillance du Secteur Financier in Luxemburg.
The fund is run as an unfettered fund of funds and will follow the same investment objective as the firm’s worldwide equities mandate. It aims to achieve long-term capital growth through investment in Sicavs, unit trusts, Oeics, exchange traded funds and other collective investment schemes.
It will also have the ability to use hedging strategies against directional risk including the use of options and futures, contracts for difference, forward currency contracts, repurchased transactions and ancillary liquid assets.
Jupiter International executive director Kevin Scott: “With demand for these products increasing globally, this is a great opportunity for us to make these funds available to our growing domestic and international client base.”