Jupiter Asset Management is delighted to announce that the Swedish Financial Supervisory Authority has approved the registration of the Jupiter Global Fund (SICAV) in Sweden.
Jupiter, which achieved registration for the SICAV in the UK and Jersey earlier this year*, is applying for registration in six further jurisdictions - Austria, Finland, France, Germany, Ireland and Switzerland.
Kevin Scott, Executive Director International, at Jupiter said: "The Jupiter Global Fund has generated strong sales since we embarked on our international expansion last year. The Jupiter Emerging Europe Select Fund, for example, reached its £100m cap within three weeks of its launch in November 2006. Achieving registration in individual jurisdictions enables us to increase our presence in Europe further and we are delighted with the speed at which the Swedish authorities have approved the Fund for sale to Swedish investors.
"Sweden represents a key part of our international development - the jurisdiction is renowned for having a high level of financial sophistication and we believe our reputation for delivering high alpha will fit well with the strong demand for these products in the local market."
The Luxembourg-domiciled Jupiter Global Fund has six sub funds - Jupiter Asia Pacific, Jupiter Climate Change Solutions, Jupiter Emerging Europe Select, Jupiter European Growth, Jupiter European Opportunities and Jupiter Global Financials - in this important market. The Fund has over ?500m (£336m)** under management.
-ENDS-
Notes to Editors:
* Jupiter has also registered the Jupiter Global Financials sub fund in Singapore.
** Source: Jupiter 1.8.07
NOTE
Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both are 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 value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations.