You are now entering the section of the Jupiter Website dedicated to the Jupiter range of investment companies. It is important that you read the following before proceeding as it includes certain legal and regulatory issues which are in addition to the risk warnings and explanatory details contained in the main part of the web site. 

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The Jupiter range of investment companies are public quoted companies listed on the London Stock Exchange which employ Jupiter Asset Management Limited as investment managers.

Jupiter Asset Management Limited also operates a Savings Scheme to facilitate lump sum investments and monthly savings into the Jupiter-managed investment companies as well as acting as manager for the Jupiter Investment Company ISA.

For your convenience, we have provided direct links to information published by TrustNet, SplitsOnline, Hemscott and UK-Wire in respect of the Jupiter range of investment companies but you should bear in mind that these are independent organisations and Jupiter cannot assume responsibility for information obtained from these sources.

Investment companies are subject to normal stock market fluctuations inherent in most investments but it is important that you understand in more detail the risk factors which apply specifically to investment companies. Please take a look at the risk factors involved below.

If you are unsure of the suitability of this investment please contact your Independent Financial Adviser.

Jupiter Asset Management Limited is authorised and regulated by the Financial Service Authority. It is a subsidiary of Jupiter Investment Management Group Limited and its registered address is 1 Grosvenor Place, London SW1X 7JJ.

Risk Factors

• The investments in an investment company portfolio are subject to normal stock market fluctuations and other risks inherent in all investments.
• There can be no assurance that appreciation will occur.
• The value of investments and the income from them may go down as well as up and an investor may not be able to realise the full amount of the original investment.
• Past performance should not be seen as a guide to future performance
• Changes in exchange rates between currencies may also cause the value of the investment to increase or diminish. The risk is greater in relation to emerging market countries which may experience political and economic changes.
• Quoted and projected yields are for illustrative purposes only and are not guaranteed.
• Investment companies have the facility to borrow which, if used, should enhance net asset value when the value of the company's investments is rising, but will have the opposite effect when the value of the company's investments is falling.

Investments in warrants often involves a high degree of gearing so that a relatively small movement in the price of the security to which the warrant relates may result in a disproportionately large movement, unfavourable as well as favourable, in the price of the warrant.

Split-capital companies are, in general, more highly geared than a conventional investment company and have, by definition, a wind-up date. On a winding-up, the capital shares and the ordinary shares rank for repayment of capital after the other share entitlements and any other loan commitments.

There can be no guarantee that predetermined payment prices of shares in split-capital companies on wind-up dates will be achieved. The ultimate repayment price depends on the value of the underlying investment holdings. If dividends are reinvested into the ordinary shares and the split-capital companies is wound-up at a low point in a stock market cycle, it is possible that ordinary shareholders could lose value on the reinvested dividends they have received as well as lose value on their original ordinary shares.

Income shares of split-capital companies often have a predetermined repayment price when a company winds-up. The shares can trade at a premium to this repayment price and, therefore, any dividends reinvested could lead to a capital loss if held to the wind-up date.

Current tax levels and relief will depend on your individual circumstances.

The underlying security in which you are investing is a share or warrant in a company listed on the London Stock Exchange. The price of shares and warrants is a function of the supply and demand on the stockmarket between buyers and sellers and may, therefore, not be directly related to the value of the net assets in the investment company's own portfolio of investments.

The prices of the shares generally stand below ("at a discount") or above ("at a premium") to the underlying asset value attributable to each share, known as net asset value ("NAV"). The discount/premium varies continuously.
If you are unsure of the suitability of this investment please contact your Independent Financial Adviser.

Jupiter Asset Management Limited is authorised and regulated by the Financial Service Authority. It is a subsidiary of Jupiter Investment Management Group Limited and its registered address is 1 Grosvenor Place, London SW1X 7JJ.

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