Jupiter outperforms

The decision of Philip Gibbs, fund manager of the Jupiter Split Trust, to heavily sway the fund into financials, saw the trust outperform the FTSE All-Share by more than 13% over the six months to 30 June 2001. In its interim results for the six-month period, the company's total assets rose by 4.4% to £337.2m, compared to a fall of 8.6% in the FTSE All- Share Index over the same time period. Andrew Watkins, head of investment trusts at Jupiter, said that in international financials, Gibbs had a proven track record in choosing the right life assurance companies, banks and asset managemen...