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Jupiter global tech merges into global managed fund

Jupiter’s global technology fund has officially merged into the firm’s global managed fund.

The proposal was approved by unitholders on April 16 with 97.75 per cent of votes cast in favour.

The merger which took effect at midday today sees around £28m of assets transferred into the global managed fund which is led by John Chatfeild-Roberts.

Jupiter says the switch will offer a more diversified approach to global investing, given the narrowing of the technology sector which followed the dot.com bubble burst.

The global managed fund has an international geographical spread and flexibility to hold technology stocks as and when the individual fund managers picking stocks for the portfolio see value in these areas.

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