Jupiter outflows accelerate to £10.3bn following Whitmore’s exit
Outflows would have been over three times lower at £3.3bn were it not for Whitmore and Chrysalis’ departure
Chrysalis
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Are platforms hampering the investment trust cost disclosure victory?
The likes of Hargreaves Lansdown are continuing to require the Mifid template from investment companies
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Chrysalis preps for £100m share buyback with new loan
It took out a £70m loan to improve its ailing share price discount
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Jupiter: Chrysalis and Whitmore exits cause £3.4bn outflow
Underlying net outflows were just £0.2m, excluding the impact of the departures, with positive flows in retail and wholesale
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Chrysalis board urges shareholders to vote for continuation ahead of EGM
Trust faces its first continuation vote since IPO at AGM in March
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‘Cutting away the fat’: Investment trust selectors ‘applaud’ decision of Chrysalis’s board
Chair Andrew Haining told Portfolio Adviser that the move provides ‘a better structure’ to shareholders