The deadline for subscriptions to Jupiter's new investment company, Jupiter China Sustainable Growth Ltd, has been extended until close of business on 18 March 2009. 

The Board of the Company, in conjunction with its financial advisers, has chosen to extend the deadline in order to enable a number of potential investors to participate in the launch who would otherwise be unable to do so. As a result of this extension, the new Company, which will be domiciled in Jersey will now be listed on the London Stock Exchange on 20 March 2009. 

Richard Pavry, director of investment trusts at Jupiter Asset Management, said: "We are encouraged by the high level of interest this launch has received from investors. However, we have been asked by a number of key potential investors for an extension to the deadline in order to enable them to participate and we are happy to do so." 

Jupiter is launching the new closed ended Company as it believes that the Chinese government's pledge to transform the economy from being export-driven and polluting to balanced and domestic demand-driven presents investors with the opportunity to benefit from the secular trends associated with sustainable environmental, social and economic growth. 

The Company's portfolio will be managed by Philip Ehrmann, a highly experienced China specialist who currently manages Jupiter's China and Asian Funds.  His approach involves meeting companies, talking to industry experts and suppliers and utilising local research, before selecting individual stocks.  A company's ability to generate cash flow is essential.  Although the Company plans to invest across the market capitalisation spectrum, Philip's style is to identify those companies which have the potential to become market leaders in the future, and this means a considerable investment in small to medium sized companies. 

Although the Company is not intended to be a 'green' investment vehicle, Philip will be supported by Jupiter's Socially Responsible Investment and Governance team.  They will review stocks in the portfolio to assess their efforts to improve sustainability and the impact of these on their financial performance.  The fund manager will also receive specialist strategic and financial input from Sustainable Development Capital LLP (SDCL)* and in-depth market analysis from Shanghai-based investment research company Research-Works**. 

Jupiter believes that the Company's closed-ended LSE listed structure offers a number of advantages to investors including, in particular, ready exposure to China's A-Share market (stocks listed domestically and only available to local investors and a few foreign institutions).  It also offers the flexibility to use gearing and hedging strategies for efficient portfolio management, subject to independent board supervision.  The Company will seek to actively manage the supply and demand for its shares on the LSE through a combination of share buy backs, new issues and a partial redemption facility (at NAV) which the Board will have a discretion to offer on a six monthly basis. 

Note
Jupiter Asset Management Limited (JAM) is authorised and regulated by the Financial Services Authority and their 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 and should not be interpreted as investment advice. The value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. There are particular risks associated with investments in Investment Companies, which could cause sudden or large falls (or rises) in investment values. Jupiter China Sustainable Growth will be investing in a single geographic area, which may lead to greater levels of volatility. The value of the Company will also be affected by exchange rate fluctuations.  Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given. Please read the Key Features Document for full details.