Jupiter Asset Management has launched the Jupiter strategic reserve fund, first revealed by Money Marketing, to be managed by multi-asset pairing Miles Geldard and Lee Manzi.
The multi-asset fund is an onshore version of its Jupiter strategic total return Sicav and has an emphasis on capital growth and low volatility.
The fund invests in liquid tradable securities, such as equities, corporate and convertible bonds, government bonds, and currencies.
The pair will generally avoid structured products and third-party funds, and use a flexible asset allocation policy to reduce the impact of any downturn.
Jupiter chief executive Edward Bonham Carter says: “The issue of adequate retirement provision is one of the most significant challenges we currently face as a nation.
“Changing demographics in the UK mean that most people will have to work harder for longer.”
“It also means that the way people invest is likely to change, with investors, consultants and other intermediaries increasingly looking for strategies that can provide capital growth with lower volatility.”
The fund will be located in the IMA Absolute Return sector. It carries an initial charge of 5 per cent and an annual management charge of 1.3 per cent, minimum investment in the fund is £500.