Jupiter implements changes to UK Growth Exempt Fund

Jupiter is delighted to announce that, following FSA approval, it has implemented changes to the Jupiter UK Growth Exempt Fund, with effect from 13 March 2007.

The alterations, which were originally announced in January 2007, have been designed to make the £14m Fund available to a wider variety of investors and to better reflect the way the fund is managed.

The Fund, now renamed the Jupiter UK Alpha Fund, is managed by Justin Seager and offers access to some of the best ideas of Jupiter’s award winning UK equity team. The Fund aims to deliver long term capital growth by investment principally in a well spread portfolio of UK equities. It will be primarily targeted at institutional investors and, in line with this strategy, the minimum investment has now increased to £100,000.

Summary of Changes

The Fund’s exempt status has been removed, extending the availability of the Fund to a wider audience.

The investment policy wording has been changed to better reflect the way in which the portfolio is constructed.

The name of the Fund has been changed to the Jupiter UK Alpha Fund

The annual management charge has been increased from 1% to 1.5%, aligning this Fund’s fee with those applied to other funds managed by Jupiter’s UK equity team.

The minimum investment has been increased from £5,000 to £100,000

Charlie Crole, institutional client director at Jupiter, said: “We have had a very positive response to the changes we have made to this Fund. This is an excellent opportunity for a wider variety of investors, as well as for institutional clients, to benefit from the collective brains of one of the best UK equity teams in the country.”