Jupiter has continued to see net inflows in the first quarter, with an overall net inflow of £723m. Negative market movements of £216m held back growth in assets under management (AUM), which at £36.2bn are up around 1% on the year end and 4% on Q115.
Jupiter's shares were up slightly in early trading.
The company continues to focus on growing its distribution network for target products and markets, expanding relationships with key distributors on a global basis.
The Group saw net inflows of £443m into its mutual funds, whilst institutional investors contributed a further £274m to the group's segregated mandated products.
Key areas of growth for the mutual business included European equity and global bond strategies, supported by the launch of a new Asian equity product.
Jupiter CEO, Maarten Slendebroek, commented:
"We are pleased to report that our mutual fund franchise again delivered healthy net flows of £0.4 billion this quarter, complemented by net flows of £0.3 billion into segregated mandates. This has been achieved despite less favourable market conditions, although our investment performance has remained strong."
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