Jupiter targets initial £200m for new Emerging & Frontier Income trust

The company will target £200m in the initial placing and can also issue up to 200 million further ordinary shares and/or C shares in the 12 months from the date of publication of the prospectus in Mid April. The trust will be run by Ross Teverson (pictured), head of strategy, global emerging markets, and assistant fund manager Charles Sunnucks, supported by other members of the Jupiter team.  It will adopt a benchmark agnostic approach, with a concentrated portfolio of 40-45 holdings. The trust will offer a combination of emerging and frontier markets exposure, with the latter limi...