Hard Closure of the R87 Jupiter European Opportunies

22 November 2020

We have received notification from The Jupiter Global Fund (the “Company”) of their decision to merge the underlying fund into which R87 Jupiter European Opportunites (the “Closing Fund”) invests, with effect from 18 December 2020 (the “Effective Date”). As a result of this, FPIL has taken the decision to close R87 Jupiter European Opportunites with effect from the Effective Date.

When an FPIL fund is closed we select another fund from our internal fund range (the “Default Fund”) to act as an alternative investment for the resulting proceeds being switched out of the Closing Fund and for any future contributions that may be directed into the Closing Fund.

Details of the Closing Fund and the Default Fund are set out in the table overleaf.


Closing Fund

Default Fund

Fund Name

Jupiter European Opportunities

FPIL European

Fund code



Name of underlying fund

The Jupiter Global Fund - Jupiter European Opportunities

BMO Select European Equity Fund 1 Acc

Currency *



Investment objective of the underlying fund

To achieve long term capital growth from investments in companies quoted on a European Stock Exchange.

The Fund aims to achieve a combination of medium to long term capital growth and income from investments primarily in shares of European companies.

Ongoing Charges Figure (OCF) of the underlying fund

1.72% p.a.

1.71% p.a.

Risk profile (determined by Friends Provident International for reference only)



* Policyholders should note that while the Affected Investment-linked Fund is priced in Euro, the Default Investment-linked Fund is priced in GB Pounds. This means there will be a difference foreign exchange risk exposure, and that any exchange rate movements between these two currencies may affect the policy performance. If your policy currency is not in GB Pounds, your investment will be subject to foreign exchange risk when switching into the Default Investment-linked Fund.

Whilst appropriate due diligence has been carried out on the Default Fund we do not accept any liability for the future performance of this, or any other FPIL fund.

Should you have any questions regarding these changes, please contact International Funds & Investments.