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A fourth quarter trading update from the fund management company saw it reporting Assets Under Management (AUM) of £35.7 billion as of 31 Dec 2015 (30 September 2015: £33.5 billion). Net mutual fund inflows of £549 million were recorded during the quarter, with AUM over the course of 2015 as a whole rising by 12%. Management noted that "2015 has seen continued strong delivery at Jupiter across all our key metrics. We believe our growth strategy and chosen markets have further room for expansion over time. We intend to access these opportunities in the same disciplined manner, choosing to grow organically in those areas where we have a high degree of confidence in our future success, while ensuring we always maintain the quality of our investment franchise."
Highlights:
Assets under management (AUM) of £35.7 billion as at 31 December 2015
Net mutual fund inflows of £549 million in the three months to 31 December 2015
Cumulative net mutual fund inflows of £2.1 billion in the year to 31 December 2015
Chief Executive comment:
"Our mutual fund franchise again delivered healthy net flows of £0.5 billion this quarter, resulting in cumulative net mutual fund flows of £2.1 billion for the full year. 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 eight per cent and to increase total AUM by 12 per cent to £35.7 billion despite broadly flat markets."
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