Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account
A A A

Jupiter UK Growth and Undervalued Assets - merger approved

Kate Marshall | Wed 01 July 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Earlier this year Ian McVeigh stepped down as co-manager of the Jupiter UK Growth Fund. The fund's other co-manager, Steve Davies, assumed full responsibility for the fund from 1 May 2015. We previously provided a full update and our view on the management change, which can be viewed here.

Since then, Jupiter has received regulatory and unit-holder approval to merge the Jupiter Undervalued Assets Fund into the UK Growth Fund. Steve Davies has also managed the Undervalued Assets Fund since January 2012. The decision was taken to merge the two funds given they are run using a similar investment approach and have a high level of crossover in terms of portfolio positioning.

Dealing in the Undervalued Assets Fund will be suspended from 12 noon on 2 July 2015. The merger will become effective from 3 July, with the first day of dealing in the newly-merged fund taking place from 6 July. The merger will not impact dealing or any existing investors' holdings in the UK Growth Fund.

We do not anticipate any significant changes will be made to the Jupiter UK Growth Fund following the merger or the management change. As such this fund retains its position on the Wealth 150 list of our favourite funds across the major sectors.

Register for free fund research by email

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


You may also be interested in: