Today news
About the same in other media
Jupiter shuts UK Smaller Companies Focus fund after AUM slumps below £38m
Reading now: 503
In a letter to shareholders dated 30 August, Jupiter said the fund's total AUM had fallen to around £37.4m, which was «below the level at which the fund could be managed cost effectively and remain economically viable, and the fund is unlikely to attract new material investors in the future». As a result, the board said that closing the fund would be in the best interests of shareholders. The portfolio is set to close on 30 September, at which time all compulsory shares will be redeemed for clients, or, they can transfer their investment to another Jupiter portfolio free of charge up ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Bitcoin (BTC) Consolidating Near $58,500; Fed Rate Cut Hopes and UK Crypto Bill in Focus cryptonews.com /2 months ago
Dutch neobank Bunq goes on hiring spree with a focus on 'digital nomads' cnbc.com /2 months ago
Hedge fund investor buys UK political magazine The Spectator for $131 million abcnews.go.com /2 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
