Jupiter AoV highlights 42,000 direct investors had languished in legacy share classes

While the majority - 64 out of 91 - of classes in its UK unit trust range offered value to investors, the firm said 27 had not delivered value consistently. As a result, Jupiter said it had introduced 69 new unit classes with a reduced annual management charge (AMC), aiming to move 49,000 direct investors out of legacy unit classes. Meanwhile, the ongoing charges figure (OCF) for more than half - 21 out of 40 - of the funds in its range have been reduced, which the company said would benefit around 42,000 investors. Value assessment forces two Baillie Gifford funds closures Jupiter...