View more on these topics

Jupiter growth exempt is now high alpha

Jupiter has renamed its £14m growth exempt fund as the high alpha fund and has raised minimum investment from £5,000 to £100,000.

The fund is managed by Justin Seager and the name change was needed as the firm has got the go-ahead from the FSA to take away the fund’s exempt status, which means it is no longer exclusive to investors who do not have to pay tax.

The annual charge on the fund rises from 1 to 1.5 per cent to bring it in line with the other vehicles managed by the UK equities team.

A Jupiter spokeswoman says: “The fund has been operating on the best ideas of the UK equity team since last summer but the regulatory permission has allowed us to make changes to the name, minimum investment and AMC that reflect its investment style and process.

Hargreaves Lansdown investment manager Ben Yearsley says: “When you have got a range and a team as strong as Jupiter you can afford to make these changes to funds to bolster business flows. Not only are best ideas the biggest thing in the market but the group are also pushing the fund towards distribution platforms to make it more accessible to clients.”

Recommended

General knowledge

A recent article said advisers will soon have access to three new mortgage-related general insurance offerings which will compete with Paymentshield. This gives the impression Paymentshield is the only provider in this market and indeed it is about time they had some competition. As a whole of market network, can I remind everyone that there […]

Maximiser strength

The Schroder income maximiser, yielding 7 per cent a year, is an excellent and unique innovation and is the ideal investment for the average investor who wants a high income but also potential capital growth.

Pru opens the factory gate

Life market consultant Ned Cazalet says Prudential needs to stick to a consistent strategy if it is to persuade policyholders and shareholders it is committed to the UK market.As part of the restructure of its business set out last week, Pru plans to quit the front-end commission market for individual pensions and unit-linked bonds and […]

Ten more quit in Suisse exodus

Credit Suisse Asset Management interim head Kelly Prior has quit to join Gary Potter and Rob Burdett at Thames River.Prior was made interim manager alongside Scott Spencer after Potter and Burdett left. It is not known whether Spencer is staying.Multi-manager team members Anthony Willis and Paul Green are also moving to Thames River. Both are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com