Jupiter plans to merge Tech fund into Global Managed

Subject to unit holder approval, Jupiter says the proposed move is in the best interests for investors over the long-term and expects to send a circular out near the end of the month. Managed by Sebastian Radcliffe since September 2005, Jupiter Global Technology is down 17.1% over one year to 2 March against a 19.7% average decline for the IMA Technology & Telecoms sector, according to Morningstar. The £189m Jupiter Global Managed fund is 28.4% lower over the same period, against a 40.3% fall for the IMA Global Growth sector. Chatfeild-Roberts assumed control of the vehicle in November ...