Funds & ETFs 

Leading income managers axed following poor performance

Leading income managers axed following poor performance

Two managers of major UK equity income funds are to step down from the running of their funds. Anthony Nutt, manager of the £1.95bn Jupiter Income Trust (ISIN: GB0004791389) and High Income funds is to hand over their management ahead of his retirement in 2014. When Mr Nutt took on the Jupiter Income Trust in 2000 he initially had great success but over the past few years performance has suffered badly (read more on this). As a result, a co-manager, Philip Matthews, was appointed in March last year.

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