Jupiter is delighted to announce the launch of the Jupiter Strategic Bond Fund on 2 June 2008.

The Fund, which has received approval from the FSA, is aimed at investors with a medium to long term outlook seeking income with potential for capital growth. The fund, which has a target yield of 7%, will offer a wide spectrum in terms of appetite for risk, with the ability to switch from a conservative to aggressive stance depending on circumstances.

The Fund will be managed as a 'go-anywhere' fund, aiming to achieve long term capital growth from investing in all areas of the credit ratings market. It will be managed by Ariel Bezalel, who has 10 years experience working in credit markets at Jupiter. He currently manages the fixed interest components of three unit trusts - Jupiter Global Managed, Jupiter High Income and Jupiter Monthly Income.

Ariel will hold around 60 instruments in the portfolio, with a focus on European credit. The Fund will have a minimum of 20% in high yield instruments with the manager seeking to invest in areas that offer the opportunity for good capital growth and in government bond markets in times of stress.

Ariel believes credit markets present a potentially historic opportunity with valuations, particularly in the investment grade space. He said: "The investment grade market is pricing in a severe recession and the high yield market is pricing in a sharp rise in defaults. Whilst I am cautious on the economic outlook, current valuations seem to offer potentially handsome rewards for the risk. This situation, in my view, presents the most compelling investment opportunity in credit we have seen for many years."

-ENDS-

Notes to Editors

FUND FACTS
. UK authorised unit trust, classified as UCITS
. Launch date: 2 June 2008
. Price: 50p per unit
. Managed by Ariel Bezalel
. Benchmarked against IBOXX Non Gilt Index
. Fees: 4% initial and 1.25% annual management charge
. Minimum investment: Lump sum = £500, Monthly saving = £50
. Sterling denominated

ARIEL BEZALEL BIOGRAPHY
. Joined Jupiter in 1998
. Over 10 years experience in credit markets.
. Manager of fixed interest components of Jupiter Monthly Income Fund, Jupiter High Income Fund and; Jupiter Global Managed Fund

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 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. Past Performance should not be seen as a guide to future returns, the value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.