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Jupiter moves greenwards with new trust

JUPITER

Jupiter Global Green Investment Trust

Aim: Growth by investing in companies finding solutions to environmental problems.

Minimum investment: £1,000.

Maximum investment: No maximum.

Investment split: UK 50 per cent, Europe 15 per cent, North America 15 per cent, other global 20 per cent.

Types of share: Ordinary.

Isa link: Yes.

Pep transfers: Yes.

Redemption date: None.

Charges: Annual 0.75 per cent.

Commission: Initial 3 per cent.

Tel: 0500 500098.

Investment philosophy 7.6

Past performance 8.2

Company’s reputation 7.2

Charges 6.8

Commission 7.0

Product literature 7.0

Jupiter has introduced the global green investment trust, an investment trust that aims for growth by investing in companies that find solutions to environmental problems.

Addressing how well the trust fits into the market Stevens says: “This may be of most interest to existing investors in the existing Jupiter international green investment trust. But IFAs need to keep this type of investment trust in mind, as there are good prospects for growth.”

Rutter says: “Had this been just another ethical product with a largely UK portfolio, one might have said that enough was enough, but there is still room for this product in the market on the basis of its global approach, investment trust structure and the Jupiter pedigree.”

Snowden is also positive. He says: “With the slow but steady increase in investor awareness of ethical and environmental issues, this new offering from the well respected investment house of Jupiter will fit well into the market, and has the potential to attract significant interest with investors keen to build up the socially responsible parts of their portfolios.”

Moving on to the type of client that the trust is most suitable for, Rutter says: “There are two types here. First there is the client with an established medium risk portfolio and who is looking to go green. Second there is the Isa investor who wants global exposure at a slightly higher risk rating then he might have previously accepted.”

Snowden says: “This is suitable for the socially responsible investor who is looking for both ethical and environmentally biased investment opportunities. It is also for clients who are willing to commit to the higher moral investment ground occupied by these investment funds, as well as those clients who have seen that environmentally aware investment does not have to mean lower returns.”

Stevens adds: “I think that this product is for those who show an active interest in green issues. Not many clients bring up the matter at all, and therefore may need some prompting by their IFA. The performance story stands up in its own right anyway.”

Turning to the marketing opportunities that the product can provide, the panel are spilt, with Stevens unable to identify any. However Rutter says: “Any opportunities mainly arise out of Isa or Pep portfolio reviews, and for clients who are moving from a sector approach to a thematic one.”

Snowden says: “With clear, attractive literature, the product should sell well, with clients across the range, irrespective of the size of their investments. This should do well for mailings, newspaper advertisements, and existing clients.”

Identifying the main useful features of the product, the panel focus on different areas. Rutter says: “This offers a Pep transfer facility, free participating convertible shares, a diversity of typically 70 to 80 individual holdings, and finally the Jupiter name and the strength of its environmental investment research.”

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Jupiter – Jupiter Global Green Investment Trust

Thursday, 15th February 2001.Aim: Growth by investing in companies finding solutions to environmental problems.Minimum investment: £1,000.Maximum investment: No maximum.Investment split: UK 50 per cent, Europe 15 per cent, North America 15 per cent, other 20 per cent.Types of share: Ordinary.Isa link: Yes.Pep transfers: Yes.Redemption date: None.Charges: Annual 0.75 per cent.Commission: Initial 3 per cent.Tel: 0500 […]

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