Jupiter pulls China investment trust launch

The board of the Jupiter China Sustainable Growth company has decided to pull the launch of the investment trust after it failed to raise sufficient capital.

The group says that despite significant interest in the product, the company did not manage to attract the $50m (£34m) the board said was the minimum required to launch.

Despite the setback, Jupiter said in a statement that it remained committed to investment opportunities in China and will continue to pursue investment themes identified by Philip Ehrmann, who was due to manage the trust.

Related Articles:
Jupiter to launch offshore China fund