Jupiter is launching an investment trust which will initially invest in other investment trust share...
Jupiter is launching an investment trust which will initially invest in other investment trust shares, writes James Thorneley. The Jupiter Investment Trust is being launched for the group's employees. In May 1995 Commerzbank took over the fund management group and gave options to senior staff which mature this year. These options are being exchanged for loan notes which can either be redeemed for cash, crystallising a CGT liability, or for shares in the trust. Employees rolling over into the trust will crystallise their CGT liability when they come to sell their shares. The investment obj...
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