Jupiter sees Q3 fund inflows of £0.8bn, extends global footprint

London headquartered Jupiter Fund Management saw mutual fund net inflows of £0.8bn ($0.97bn, €0.88bn) in the third quarter of this year, fuelled by extending its relationships with key distributors on a global basis.

Jupiter sees Q3 fund inflows of £0.8bn, extends global footprint

|

The fund inflows of £789m in the three months to 30 September, contributed to total assets under management of £40.4bn which also included segregated mandates and investment trusts.

Net segregated mandates specifically added inflows of £31m in the third quarter.   

Chief executive Maarten Slendebroek said the inflows had been “achieved against a backdrop of market uncertainty following the UK referendum. Alongside these flows, we continue to see strong investment performance across our product range”.

The trading update also highlighted significant inflows into its Absolute Return, Fixed Income and Global Emerging Market strategies and a return to net flows from the Income Trust Fund, within the UK Value Strategy. 

“Client flows returned to the levels achieved in the first quarter of the year, affirming the confidence we have in our strategy of diversification by product and client type into areas offering potential for long-term growth,” Jupiter said.  

“We are confident that, as we extend our relationships with key distributors on a global basis and deliver outperformance after fees, we can continue to deliver growth.”

Jupiter also said it expected the current challenging environment of changeable markets and regulatory uncertainty to remain, but pointed to its continued diversification, supported by a strong and sustainable balance sheet, leaving it well-placed to progress and to continue to share the rewards of growth with its stakeholders.

MORE ARTICLES ON