Today Investment Week exclusively revealed Jupiter's Anthony Nutt was handing over his £2bn Income Trust next year ahead of his retirement in 2014, but is now the time to buy in?
Under Nutt's stewardship the long-term numbers on the Income Trust are impressive. Since 2000, the Jupiter Income Trust has returned 109.1% against 87.0% for the IMA UK Equity Income sector average and double the 52.3% produced by the FTSE All Share Index, placing the fund 14th in the sector. Nutt built up a strong track record in his early years on Jupiter Income, but selling miners too quickly in 2007 was followed by financials exposure hurting performance in 2008, and the portfolio's current defensive slant has also affected numbers this year. In the last year the fund has retur...
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