1st july 2015
Jupiter Undervalued Assets to be merged with Elite Rated UK Growth fund
Following confirmation of unit holder approval at an Extraordinary General Meeting (EGM) on Friday 26 June, Jupiter has announced that Jupiter Undervalued Assets will be merged into the Elite Rated Jupiter UK Growth fund on Friday 3 July 2015.
Following the merger, the combined assets will continue to be run as the UK Growth fund by manager Steve Davies, who assumed the role of sole manager for the fund in May this year. The Jupiter UK Growth fund offers investors exposure to a concentrated portfolio (30-40 stocks) of predominantly, but not exclusively, UK large-cap stocks. The process is bottom-up and not overly stylistic, with the manager adopting a pragmatic approach to populate the portfolio with both growth and recovery stock ideas.
Stephen Pearson, head of investments at Jupiter Asset Management said: “At Jupiter we are continually reviewing our product range with the aim of delivering the best possible outcome for our clients. Following Steve’s appointment as sole manager of the Jupiter UK Growth fund earlier this year, we see this move as a natural step which will streamline our range of UK equity funds and simplify our offering to customers.”
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