Update on change of lead fund manager

Jupiter UK Growth Investment Trust PLC (the "Company")

Legal Entity Identifier: 549300QSBKGE8ZO08A97

Update on change of lead fund manager

On 18 February 2020, the Board announced that it had reached an agreement with the Company's investment manager, Jupiter Asset Management Limited (Jupiter), for Richard Buxton to assume lead fund management responsibility for the Company following shareholder approval of Jupiter's proposed acquisition of Merian Global Investors Limited (Merian).

The Board notes that the proposed acquisition of Merian was approved by Jupiter's shareholders at its Annual General Meeting on 21 May 2020 and therefore the Board is pleased to announce that Richard will become the lead fund manager of the Company with effect from today, in place of the Jupiter Transition Management Team (TMT) currently managing the Company's investment portfolio.

The Board notes that the TMT has fully transitioned the Company's investment portfolio to align with Merian's UK Alpha strategy, managed by Richard Buxton.

Merian's UK Alpha strategy utilises a high-conviction approach typically holding 30‑40 stocks, combining fundamental research with a patient, long‑term time horizon and has generated a strong long-term performance record consistent with the Company's investment objective and policy. 

For further information, please contact:

Jupiter Asset Management Limited

Magnus Spence, Head of Investment Trusts and Alternatives

[email protected]

Tel. 020 3817 1000

Numis Securities Limited

David Benda / Matthew Goss, Investment Banking

[email protected]

Tel. 020 7260 1000

26 May 2020