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Jupiter Fund Management - Net inflow growth continues

Nicholas Hyett | 13 April 2016 | A A A
Jupiter Fund Management - Net inflow growth continues

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Jupiter Fund Management PLC Ordinary 2p

Sell: 234.20 | Buy: 234.40 | Change 0.40 (0.17%)
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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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