Jupiter shutters Asia Pacific Income

Alters benchmark on credit fund

Jupiter Asset Management has closed the Luxembourg domiciled Jupiter Asia Pacific Income fund.

In a letter to shareholders, Jupiter said it was planning to liquidate the fund on 17 May after it "failed to attract significant inflows from investors", adding "it is not expected the sub-fund will attract significant future inflows in the short- to medium-term". As such, Jupiter argued closing the fund was "in the best interests of its shareholders". According to the latest factsheet, the fund has $17m assets under management and over five years it has made a total return of 26.4%, outperforming the MSCI AC Asia Pacific ex Japan benchmark for the period (0.2%). The fund is run b...