Jupiter International Group launched a new open ended investment company (oeic) this week calle...
Jupiter International Group launched a new open ended investment company (oeic) this week called the Jupiter Global Active Fund as part of its European expansion plan.
The new SICAV has an umbrella structure initially consisting of four sub-funds. These are a pan European Growth Fund managed by Alex Darwell, a pan European Special Opportunities Fund managed by Leon Howard Spink, a UK Special Opportunities Fund managed by Paul Sheehan and a Global SRI Fund (socially responsible investment) managed by Simon Baker.
The funds, registered in Luxembourg, are available to institutional investors and discretionary fund managers in the UK and Europe. The funds will be open to retail investors when they are registered in Germany, France and the UK, which is already in process. The funds will be jointly marketed by Jupiter and Commerzbank.
Martin Schueller, international development director at Jupiter International Group, commented: "The prospect of these funds is very exciting. The combination of the strong past performance of the managers running the funds and the extensive distribution network through Commerzbank will allow us to reach a wide range of markets and investors."
Schueller added: "Across Europe there is a growing demand for non domestic equity products with a proven track record. In France and Spain in particular we have already had requests for a SRI product as interest in ethical and environmental investing increases in these countries."
The two European funds and the SRI fund will be priced in euros and the UK Special Opportunities Fund in sterling. The minimum investment is 1,000 euros (or its sterling equivalent). All the funds will have multi-share classes, which Jupiter says will provide alternative structures to cater for the different needs of investors across Europe.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation