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Jupiter reports rising Assets Under Management

Keith Bowman | 12 October 2015 | A A A
Jupiter reports rising Assets Under Management

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Jupiter Fund Management PLC Ordinary 2p

Sell: 254.20 | Buy: 254.60 | Change -4.20 (-1.63%)
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A third quarter trading update from the fund management company saw it reporting Assets Under Management (AUM) of £33.5 billion. Net mutual fund inflows of £196 million were recorded during the quarter, providing cumulative net mutual fund inflows of £1.6 billion in the nine months to 30 September 2015 - a 5% increase in AUM this year. Looking ahead and in line with Luxembourg industry market practice, Jupiter plans to simplify its SICAV funds' fee structure by introducing an aggregated operating expense fee during the fourth quarter - further details will be provided once this has been approved by regulators. In summary, the company highlighted that 2015 has seen continued strong delivery at Jupiter across all of its key metrics.

Chief Executive comment:

"I'm pleased that our mutual fund franchise again delivered positive net flows this quarter despite a difficult market backdrop, benefiting from the continued delivery of our strategy to diversify by product, client type and geography."

Highlights:

  • Assets under management ("AUM") of £33.5 billion as at 30 September 2015.
  • Net mutual fund inflows of £196 million in the three months to 30 September 2015.
  • Cumulative net mutual fund inflows of £1.6 billion in the nine months to 30 September 2015.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research for more information.