The Jupiter European Income fund is set to close on 8 November 2022 as a result of shrinking assets.
In a letter to investors seen by Investment Week, Jupiter said the fund "has continued to reduce in size year on year and believes it is unlikely to attract new investors in the future". It added that it believes "the closure is in the best interests of investors as they no longer consider the fund to be commercially viable". Portfolio manager of the fund Greg Herbert also co-manages the firm's Global Equity Income fund and Global Equities fund. A spokesperson for Jupiter said that Herbert would be leaving the firm. "After 17 years with Jupiter, Greg leaves with our thanks and best...
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