15th February 2016 – Jupiter is launching an Asian Income fund, which will be managed by Jason Pidcock, former manager of Newton Asian Income.
The new fund currently has a fixed price offer period and, as of today, Chelsea clients can buy units in the fund for £1 until the fund launches on 2nd March 2016.
Newton Asian Income was on the Core Selection for four and half years and was only removed when Jason left the company to go to Jupiter in 2015.
Jupiter Asian Income will have a very similar investment process, but will be a slightly more concentrated fund with around 40-50 holdings and its yield requirements will not be quite as strict.
Darius McDermott, Chelsea’s managing director, comments: “We are confident that Jason can repeat his process at Jupiter and think that the less stringent yield target will give him more flexibility to invest in his very best ideas.
“More information on the fund and Jason’s views of the region at the moment, can be found on page 36 of the new Viewpoint magazine, which is currently being posted to subscribers and which is also available to download here.”
Chelsea clients can invest in the fund online via the Chelsea FundStore or by calling our client services team on 020 7384 7300.