Jupiter Asset Management is pleased to announce that Simon Somerville has been appointed Deputy Manager of the Jupiter Global Managed Fund.

The £275m fund covers a broad spectrum of global markets and sectors with individual stocks selected by eight of Jupiter's regional managers including Cedric de Fonclare, manager of the Jupiter European Special Situations Fund, Derek Pound, co-manager of the Jupiter Primadona Investment Trust, Sebastian Radcliffe, manager of the Jupiter North American Income Fund and Ben Surtees, manager of the Jupiter Asian Fund,. Overall asset allocation is set by John Chatfeild-Roberts, who has lead-managed the Fund since November 2001.

During the past five years, the Fund has gained 37.3% compared with 18.8% for the IMA Global Growth sector, placing the Fund 15th out of 147 funds. Over one year, the Fund has gained 8.8% against 6.7% for the sector average, placing the Fund 64th out of 197 funds in the sector.

Simon has established a strong track record managing Japanese assets. His £214m Jupiter Japan Income unit trust has gained 13.1% since its launch in September 2005 compared with a fall of 8.3% for the IMA Japan sector average. This record places the Fund 4th out of 52 funds in the sector. Over one year the Fund has gained 1.9% against the sector average decline of 1.7%. This places the Fund 7th out of 65 funds.

In addition, Jupiter has appointed Dan Carter as manager of the Japanese component of the Jupiter Global Managed Fund. Dan, who joined Jupiter in 2008 as an analyst on the Far Eastern Equities desk is currently an assistant fund manager. He has six years' experience managing and analysing Japanese equities and works closely to support Simon Somerville on the Jupiter Japan Income Fund.

John Chatfeild-Roberts, Chief Investment Officer at Jupiter Asset Management and lead manager of the Jupiter Global Managed Fund, said: "Simon is regarded as one of the leading managers in the Japanese equities sector and also has experience managing global portfolios. In keeping with our policy of developing our fund management team, it makes sense for us to utilise Simon's talents by increasing his responsibilities."

- ENDS -

Notes to Editors

Year on Year % Growth ending 31.07.2010 

2005-2006	2006-2007	2007-2008	2008-2009	2009-2010
26.20%	19.00%	-8.30%	-10.70%	18.20%

* Source: Financial Express, bid to bid net income reinvested. Figures to 31.8.10

FUND FACTS: JUPITER GLOBAL MANAGED
Manager: John Chatfeild-Roberts
Deputy Manager: Simon Somerville
Team: Dan Carter (Japan), Cedric de Fonclare (Emerging Europe), Ingrid Kukuljan (Emerging Europe), Robert Mumby (financials), Derek Pound (UK), Sebastian Radclifffe (US) and Ben Surtees (Far Eastern).
Launch date:  16.2.98
Holdings: 340 (as at 31.7.10)
Charges: 5.25% initial, 1.50% annual management fee
Minimum investment: £500 lump sum and £50 a month regular savings
Fund ratings: S&P - AA; OBSR - A

Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both authorised and regulated by the Financial Services Authority 25 North Colonnade, Canary Wharf, London E14 5HS. JAM and JUTM's registered address is 1 Grosvenor Place, London SW1X 7JJ. The group is collectively known as "Jupiter". The above commentary represents the views of the Fund Manager at the time of preparation and may be subject to change. They are not necessarily those of Jupiter as a group and readers should be aware that they should not be interpreted as investment advice. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.