Heavy inflows and weak sterling carry Jupiter Fund Management

The FTSE 250 firm said that, combined with weak sterling and positive investment returns, resulted in total assets under management at period end of £40.4bn.

Of those inflows, £767m were net mutual fund inflows and £31m were net segregated mandate inflows.

Jupiter’s mutual funds stood at £35.2bn at 30 September, up from £32.3bn at 30 June, while segregated mandates stood at £4.1bn, compared with £3.8bn.

Investment trusts improved marginally to £1.1bn from £1bn.

“We are pleased to report that our mutual fund franchise delivered a strong quarter with net inflows of £0.8 billion, including positive flows from our segregated mandate channel,” said chief executive Maarten Slendebroek.

“This has 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,” Slendebroek added.