Following the announcement that Steve Davies, Head of Strategy, UK Growth and manager of Jupiter UK Growth, is leaving the firm, we have removed the fund from our Recommended list.

Mr Davies will remain at Jupiter Asset Management until June 2020.  In his stead, Christopher Smith is joining the firm in June to take over the management of the UK Growth fund.  He joins from Newton Investment Management, where he has been managing the Newton UK Opportunities fund.  Equities analyst, James Moir, who has worked with Mr Davies on the fund since 2017, continues in his role.

Under the management of Mr Davies, the investment approach has incorporated a distinctive blend of growth companies and recovery opportunities.  Looking ahead, we expect Mr Smith to bring his own style of growth investing to the fund.

We will be keeping in touch with the Jupiter UK Growth fund and future developments.  Nonetheless, Mr Davies’s departure is a significant event and leads us to withdraw the fund from The Adviser Centre.