Asset Management

Jupiter cuts fees after several funds fail value tests

Asset manager's annual value-for-money report finds a third of 'unit classes' - distinct types of fund shares held by investors - did not consistently offer value for money

Asset manager Jupiter has cut fees and charges across a range of its funds after finding a substantial minority did not consistently add value for investors.

In its annual value-assessment report — an exercise required by regulators since September 2019 — Jupiter said it had found that 64 of the 91 unit classes in its funds had passed its test — but 27 did not. Unit classes are distinct types of fund shares held by investors.

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