Equity Income  

Jupiter's Gunn takes over Growth & Income fund

Jupiter's Gunn takes over Growth & Income fund

Jupiter has appointed Alastair Gunn to run its £83m Growth & Income strategy after previous manager Chris Watt left last year.

Mr Watt left in early 2016 to join small-cap outfit Aberforth and was replaced on an interim basis by UK Growth manager Steve Davies.

However, the firm has announced Mr Gunn will takeover the UK equity strategy on a full time basis - his first standalone open-ended fund.

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The manager currently runs the equity portions of Jupiter's Distribution range, as well as the Jupiter Dividend & Growth investment trust.

Jupiter said the mandate for the Growth & Income fund would remain the same, but that the overlap with Mr Gunn's equity positions in the Distribution funds would increase over time.

Chief investment officer Stephen Pearson said: "Alastair has a built a strong track record on the multi-asset funds he co-manages and we are very pleased to appoint him as fund manager of the Jupiter Growth & Income fund."