In a letter to shareholders on 14 August, the agency stated the comparator benchmark of the £65.1m fund could be up to date from the IA UK All Corporations sector to the IA UK Fairness Earnings sector to offer “larger readability” on the fund’s goal and revenue focus.
“We subsequently imagine it’s extra applicable to match the fund’s efficiency with different funds within the IA UK Fairness Earnings sector and the fund’s classification can also be altering to this IA sector,” it stated.
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The mounted annual cost of all unit lessons within the fund will likely be lowered and the revenue allocation frequency of the fund will likely be modified from semi-annually to quarterly.
Jupiter may also replace the funding coverage of the fund, which is managed by James Moir, to offer larger readability of how ESG concerns are integrated into its funding method.
It will likely be up to date to make clear that the fund invests in corporations which might be offering options to environmental and/or social issues – somewhat than environmental and social – and supply further data on the supervisor’s accountable funding method and exclusions coverage.
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The agency may also add some related danger components to spotlight particular ESG associated dangers that apply to the fund.
The funding coverage, mounted annual cost and revenue allocation frequency adjustments will apply from 25 October 2023, and adjustments to its comparator benchmark and IA sector from 31 October.
