Asset manager Jupiter has launched a global energy fund to invest in energy companies listed around the world to take advantage of opportunities as a result of growing demand.

The Jupiter Global Energy Fund will be managed by Derek Pound and will aim to achieve long term capital growth.

The new launch will target companies involved in the exploration, production, transmission or distribution of energy.

Pound said, 'The need to ensure energy supply and security, plus the development of sustainable, renewable or alternative sources has never been more relevant.

'This backdrop along with society's fundamental need for energy will create compelling opportunities' for investors over the coming decades.'

It will also invest in companies that develop and exploit new energy technologies, including fossil fuels and renewable energy.

The fund is benchmarked against the MSCI World Energy index and will  hold between 30 and 60 stocks.

The annual management charge for the fund is 1.5 per cent, and carries an initial charge of 5.25 per cent. Minimum investment is £500.

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