Jupiter Asset Management announces that the £702 million¹ Jupiter Ecology Fund will be adopting the Sustainability Focus label, one of four investment labels under the FCA’s Sustainability Disclosure Requirements Regime (SDR), in the coming weeks.

The Fund, managed by Jon Wallace and Noelle Guo, will introduce the label by 2 December, making it one of the first investment funds to apply the UK regulator’s new classifications.

Under SDR, asset managers can choose from the Sustainability Impact, Sustainability Focus, Sustainability Improvers or Sustainability Mixed Goals labels. The regulator sets out strict criteria for the use of the labels, which are designed to improve trust and transparency for consumers and to reduce greenwashing.

Kiran Nandra, Head of Equities at Jupiter, said:

“We welcome the clarity that this new label will provide for many clients. As stewards of our clients’ capital, we have a duty to manage their assets in a transparent and responsible manner, making informed decisions and aiming to conduct effective engagement. After careful consideration of the available labels, Sustainability Focus closely aligns to the Fund’s longstanding approach and client proposition.”

The Jupiter Ecology Fund has been investing since 1988 in companies focused on solving challenges of environmental degradation such as climate change. It invests across six themes of clean energy, green mobility, sustainable oceans and freshwater systems, green buildings and industry, sustainable agriculture and land systems, and the circular economy.

Jon Wallace, Investment Manager of the Jupiter Ecology Fund, said:

“Our longstanding philosophy is that as environmental issues become ever more pivotal to global development, so too will environmental solutions in their marketplaces, providing a potential source of strong long-term investment returns.

As a founding participant in the sustainability investment landscape, we look forward to continuing to capitalise on the related opportunities on behalf of our clients with the additional transparency that the new label provides.”

¹Source: Jupiter as at 24/9/2024

For further information, please contact:

Victoria Howley

0203 817 1657

[email protected]

Olivia O’Connor

0203 817 1436

[email protected]

Important Information

The information contained in this market commentary is intended solely for members of the media and should not be relied upon by private investors or any other persons to make financial decisions. This communication, including any data and views in it, is not a financial promotion as defined in MiFID II. It does not constitute an invitation to invest or investment advice in any way. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.

The views expressed are those of the Fund Manager at the time of writing, are not necessarily those of Jupiter as a whole and may be subject to change. This is particularly true during periods of rapidly changing market circumstances.

Investment risk information

Market and exchange rate movements can cause the value of an investment to fall as well as rise, and you may get back less than originally invested.

Currency (FX) Risk – The Fund can be exposed to different currencies and movements in foreign exchange rates can cause the value of investments to fall as well as rise.

Pricing Risk – Price movements in financial assets mean the value of assets can fall as well as rise, with this risk typically amplified in more volatile market conditions.

Derivative risk – the Fund may use derivatives to reduce costs and/or the overall risk of the Fund (this is also known as Efficient Portfolio Management or “EPM”). Derivatives involve a level of risk, however, for EPM they should not increase the overall riskiness of the Fund.

Counterparty Risk – the risk of losses due to the default of a counterparty e.g. on a derivatives contract or a custodian that is safeguarding the Fund’s assets.

ESG (thematic) – Investments are selected or excluded on both financial and nonfinancial criteria, adopting an environmental solutions thematic approach to sustainable investment. The Fund’s performance may differ from the broader market or other funds that do not utilize sustainable investment criteria when selecting investments. The Fund’s investments are required to meet this criteria and the Fund may sell a security for reasons related solely to its sustainable investment criteria.

ESG Data – The Fund uses data from third parties (which may include providers for research, reports, screenings, ratings and/or analysis such as index providers and consultants) and that information or data may be incomplete, inaccurate or inconsistent.

For a more detailed explanation of risk factors, please refer to the “Risk Factors “section of the Scheme Particulars.

Issued by Jupiter Unit Trust Managers Limited (JUTM), registered address: The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ, which is authorised and regulated by the Financial Conduct Authority