Jupiter to launch wealth manager share classes this month

clock

Jupiter is proposing to launch its planned I share classes - targeted at wealth managers - across its unit trust range later this month.

Subject to FSA approval, Jupiter is proposing a launch date on or around 19 September for the new units, which will offer halved annual management charges across most of the range. Most of the new share classes will have an AMC of 0.75%, compared with existing charges of 1.5%. Jupiter chairman Edward Bonham Carter said in the company's interim results last month that Jupiter planned "to launch I classes across our unit trust range later this year to assist our penetration of wealth management channels". The new share class will have a minimum initial subscription level of £5m, and ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equities

Partner Insight: Are equities really overvalued?

Partner Insight: Are equities really overvalued?

Value dispersion means there are plenty of cheap opportunities

Gareth Jones
clock 09 February 2024 • 1 min read
Partner Insight: How much value is there in UK equities?

Partner Insight: How much value is there in UK equities?

‘As different as they are attractive’

The UK Equities Team at Invesco
clock 07 February 2024 • 1 min read
Partner Insight: The shift to value - still on course?

Partner Insight: The shift to value - still on course?

The tailwinds remain for value investing

Gareth Jones
clock 06 February 2024 • 1 min read