Jupiter Income and Jupiter Higher Income have been placed under review after the asset manager announced the departure of Anthony Nutt is planned for 2014.
The firm is in the process of handing over Nutt’s management of the funds to Ben Whitmore and Philip Matthews respectively.
Both funds previously held a Morningstar OBSR analyst rating of gold.
Meanwhile Newton Higher Income has also been placed under review after the company announced Richard Wilmot would take over as manager from Tineke Frikkee.
Wilmot has managed the Newton UK Equity Fund since March 2011 and has experience of running other UK mandates but, according to Morningstar OBSR, lacks experience of running a UK equity income mandate of this size.
“The process of the fund has also been relaxed such that stocks can be purchased for the portfolio as long as they yield 75% or more of the FTSE All-Share index (previously the limit was 115%) and will be sold if the yield falls below 50% of the index (previously the limit was 100%,” Morningstar OBSR added.
