Jupiter closes in on 10% share of FoFs market

All four Jupiter Merlin products - run by John Chatfeild-Roberts and team- are among the top 14 largest UK fund of funds vehicles, according to Trustnet. Jupiter, through its Income, Growth, Balanced and Worldwide funds, now controls 9%, or £3.86bn, of the £42.7bn UK funds of funds industry, IMA figures reveal. The group's popularity comes during a strong period for the UK fund of funds space, with total retail fund sales climbing to £3.9bn last year, almost four times the 2008 figure and the highest ever recorded. "We have seen significant growth year-on-year and the main reason f...