Following the announcement that Simon Somerville will be leaving Jupiter later this year, we have placed the Jupiter Japan Income fund Under Review. The fund previously held a Morningstar Analyst Rating™ of Silver. Dan Carter, who has worked alongside Somerville for eight years, has been appointed lead manager. Carter joined Jupiter in 2008 as an analyst and has been deputy manager of this fund since November 2011 and lead manager of the Jupiter Japan Select SICAV since 2013. Although we believe there will be no change to the investment philosophy, which focuses on high quality, cash generative businesses, we will be meeting with the new lead manager in due course to fully understand his future plans for the strategy.
See the latest Morningstar fund rating news here.
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