British fund manager Jupiter has unveiled a new unit trust fund, which will mainly invest in long and short equity absolute return strategies.

The new vehicle, dubbed Jupiter Merlin Real Return, will also offer exposure to selected equity funds and physical gold as well as invest in fixed interest, commodities and property. It is the UK version of the Jupiter Merlin Real Return Portfolio Sicav.

The new UK-domiciled fund will be managed by the firm’s independent funds team, comprising John Chatfeild-Roberts, Algy Smith-Maxwell, Amanda Sillars, David Lewis and Alastair Irvine.

“We are very proud of the track record that we have delivered in the Jupiter Merlin Real Return Portfolio (SICAV), and we think that Jupiter Merlin Real Return should be very well placed at a time when equity and bond markets have enjoyed a 9-year bull run,” Smith-Maxwell stated.

It targets a return of 3% net of fees above the Consumer Price Index over rolling periods of three years.

Jupiter global head of distribution Nick Ring said: “We have seen clear demand from existing and prospective clients for us to extend this strategy into a unit trust product, offering exposure to the growing universe of absolute return funds, while leaving fund selection in the hands of an experienced team of investors.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.