The European Opportunities Investment Trust being launched by Jupiter Asset Management, has extended...
The European Opportunities Investment Trust being launched by Jupiter Asset Management, has extended the official closing date for subscription from the 13 November to 15 November.
The trust, which is to be managed by Alex Darwall, will adopt a style similar to that of the European split cap he previously ran at Jupiter.
Investments will be made across all of Western Europe, both inside and outside the Eurozone in addition to some slight exposure to the UK markets. The share capital will comprise ordinary shares that are sterling denominated and that are listed on the London stock exchange.
The portfolio's performance will be benchmarked against the FTSE World Europe ex-UK index. The minimum investment into the trust is £1,000 under the public offer for subscription. The commission available to IFAs is 3% at an issue price of 100p per ordinary share.
There is an annual management fee of 0.75% of total assets, together with a performance fee. The performance fee is payable only on the relative outperformance of the lowest price out of either the market price or the NAV of the trust's ordinary shares as compared with the benchmark.
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