Jupiter Asset Management has taken the decision to close two funds, Jupiter UK Alpha and Jupiter Enhanced Distribution, due to increased outflows and unlikely “resurgence” in assets.
The UK Alpha fund currently stands at £3.9m, down approximately £15m from two years ago, while the Enhanced Distribution fund sits at £10.3m, which is around £19m lower than its January 2018 standing. Both funds have underperformed their respective sectors, with UK Alpha falling 1.4% over three years compared to the IA UK All Companies sector return of 19%, while Enhanced Distribution has returned 8.5% across three years in comparison to IA Mixed Investment's 13%, according to data from FE fundinfo. The UK Alpha fund, managed by Richard Curling, is set to close at the end of March 202...
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