View more on these topics

Jupiter sets up multi-manager service

Jupiter is rolling out its multi-manager service next week with the launch of three funds of funds.

The Jupiter growth portfolio, income portfolio and worldwide portfolio trusts will launch on May 29, with an offer period until June 18.

The funds will hold around 15 funds each and be managed by director John Chatfeild-Roberts, who Jupiter poached from Lazard in February.

The growth portfolio will hold 50 per cent in UK equities, 40 per cent in global equities and 10 per cent in fixedinterest funds.

The income portfolio will hold 60 per cent in UK equities and 40 per cent in fixed interest while the worldwide portfolio will hold 90 per cent in global equities and 10 per cent in fixed interest.

The initial charge on each fund is 5.25 per cent, discounted to 3.75 per cent during the offer period.

Annual management cha-rge is 1.5 per cent. Initial commission is 3 per cent and 0.5 per cent renewal.

Minimum investment is £10,000 for lump sums outside an Isa or £1,000 or £50 a month within an Isa.

Chatfeild-Roberts says: “What you have is an independently managed product, which is tax-efficient and managed by a team with a good track record who are now at a performance-driven house. It is an all-in-one wrap.”


Confident investors put selling on hold

Recent downturns in world markets have made it easier for investors to make decisions about their portfolios, according to Threadneedle&#39s investment barometer.The company&#39s research shows the number of inv-estors intending to sell their holdings has fallen and the number of investors intending to hold their investments has risen. There are also no signs of investors […]

BCWA healthcare profits up

Private healthcare insurers BCWA Healthcare increased its profits by 466 per cent to £7m in 2000 from £1.5m in 1999, while its average return on investments was 8.7 per cent in 2000.Earned premiums increased by 15 per cent to £52.5m in 2000, from £45.8m in 1999.BCWA Healthcare managing director Martin Wren says: “In the absence […]

Looking for a long term of office

I seem to remember a hint a year or so ago, in a newspaper article suggesting that the elderly are too set in their ways to be voting converts. Not so, to judge by the way all parties have set out to woo the older voter at the start of this election campaign.Grey power is […]

April mortgage lending surges

Mortgage lending in April was the highest since monthly records began in June 1998, according to figures from the Council of Mortgage Lenders and Department of Environment, Transport and the Regions.Lending increased by 5.3 per cent to £8bn in April 2001 from £7.6bn in March 2001, and up 27 per cent from £6.3bn in April […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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