Jupiter has appointed Philip Matthews as deputy manager on Anthony Nutt’s £2.5bn income trust.
Matthews, who joined Jupiter in 1999, takes on the role after building a strong track record on the £102m growth and income fund. The fund is currently top quartile in the IMA UK all companies since Matthews took on the product in January 2006.
Nutt has endured a difficult time on the income trust in the past few years. The fund is currently fourth quartile in the IMA UK equity income sector over three years, returning 3.1 per cent.
Nutt says: ““The UK equities team has grown in strength and depth during the past decade, through the nurturing of talented individuals such as Philip Matthews, Derek Pound and Chris Watt and the addition of well-regarded managers such as Richard Curling, Ian McVeigh and Ben Whitmore.
“Philip has been very successful in steering the Jupiter growth & income fund through the last few turbulent years.”