Jupiter Asset Management has told shareholders it is closing its Global Ecology Growth fund as part of the drive to cull smaller sub-scale funds, with assets under management falling to just €17.3m as of March 2025.
Launched in 2001, the SFDR Article 9 fund invested in equities focused on making a positive impact towards environmental and sustainable objectives. The fund was designed to promote environmental, social or governance characteristics.
But, with outflows at Jupiter continuing to mount, the Global Ecology Growth fund follows in the footsteps of the Jupiter Global Ecology Bond and Global Ecology Diversified funds in being shuttered.
A spokesperson for Jupiter told PA Future: “As part of the ongoing curation of our product range, which has been focused on smaller sub-scale funds and which aims to build a clearer, more well-defined client proposition, we have decided to close the Jupiter Global Ecology Growth fund. This decision does not reflect the fund’s investment performance or the team’s ability to manage the strategy. Over the past three years, the fund has delivered a cumulative return of 11.1%, placing it in the first quartile relative to its designated peer group, the Morningstar Equity Ecology category.
“Jon Wallace (pictured) and Noelle Guo will continue to manage the £649.1m Jupiter Ecology Fund.”
