Jupiter to launch European Income fund

The fund will target a yield of 3pc and will be managed on an absolute return basis. The fund house said Millar would build a portfolio of 60 to 90 established companies, biased towards mid and large cap stocks. Millar said: “There is a broad and well diversified range of companies in Continental Europe that can sustain strong profits growth and grow their dividends payments over time. “European banks look good value. Many companies in the sector enjoy strong domestic franchises while also benefiting from overseas expansion. “UniCredito, for example, has a leading domestic fran...