Jupiter North American fund to offer income

The fund house, which is in the midst of a private equity-backed management buyout from parent company Commerzbank, will not announce a target yield for the fund until unitholders have approved the mandate change. The fund, which will adopt a total return approach, will continue to be managed by Sebastian Radcliffe and will have ‘Income’ added to its name. The conversion will see charges taken from capital rather than income and accumulation units will be available for investors who want to reinvest their dividends. Other income portfolios managed by Jupiter include Japan Income an...