Jupiter Fund Management inflows, AuM rise in first quarter

Asset manager Jupiter Fund Management reported a rise in first-quarter inflows and assets under management as its diversification strategy bore fruit.

In a trading update for the three months to the end of March, the company said net mutual fund inflows were £1.4bn, with overall net inflows of £1.3bn. Jupiter said there had been significant flows into its Fixed Income, Absolute Return, Multi Asset and Global Emerging Market strategies.

It added that inflows were particularly strong in Asia and continental Europe, including positive contributions from its recently opened offices in Italy and Spain.

Total assets under managements were up 7.4% to £43.5bn.

Chief executive Maarten Slendebroek said: "The continued strategy to diversify our business by product, client type and geography and delivery of strong investment performance after fees across a broad range of strategies has resulted in good inflows both internationally and within the UK."

Looking ahead, Jupiter said that net inflows, underpinned by the delivery of strong investment outperformance after all fees to investors, affirm the confidence it has in its diversification strategy offering potential for further long-term growth.

"We continue to invest in maintaining our scalable operating model, leaving us well placed to deliver growth and to continue sharing the rewards of that growth with our stakeholders."