Jupiter Asset Management is to close the Jupiter Global Emerging Markets Focus ex China fund after assets dropped below an economically viable level.
Investors will see their shares compulsorily redeemed on 28 May 2025 and the fund terminated. The group said the fund’s total assets under management had fallen below the level at which they could be managed cost effectively, and the fund is unlikely to attract new material investors in the future. The fund’s AUM was $7.m as at 31 March 2025. Jupiter added it believes closing the fund is in investors’ best interests.
All expenses relating to the closure of the fund will be met by the fund.
Until the termination date, investors can redeem their holdings or switch into another Jupiter fund free of charge. Those still invested on 28 May will receive a distribution of net cash proceeds from share sales on a pro-rata basis.
The fund, co-managed by Liz Gifford and Salman Siddiqui, launched in July 2023 and sat in the IA Global Emerging Markets sector. Since launch it had returned 7.67% versus 6.23% from the MSCI Emerging Markets ex China index.
Jupiter’s AUM dropped by £1bn in the first quarter of the year and declines more than doubled to £2.3bn the first three weeks of April as US trade tariffs rocked markets.
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