Jupiter Fund AUM rise despite flat markets

Jupiter Fund Management posted a rise in assets under management for the three months to the end of December.

AUM came to £37.7bn compared with £33.5bn in the previous three months, on net inflows of £496m, while cumulative net mutual fund inflows came in at £2.1bn.

Jupiter said net inflows were held back by the loss of a segregated mandate following the decision by the client to de-risk its portfolio.

The fund manager said 2015 has seen continued strong delivery across all key metrics.

Chief executive Maarten Slendebroek said: “2015 has been another good year for Jupiter, reflecting our strategy to diversify by product, client type and geography, all supported by strong investment performance. Across the whole of 2015, these combined to deliver organic mutual fund flow growth of 8% and to increase total AUM by 12% …despite broadly flat markets."

Looking ahead, the company said there was potential for further expansion in its chosen markets, adding that it would choose to grow organically.

At 1005 GMT, Jupiter shares were down 1% to 428.10p.