Net inflows over the period were driven by Jupiter’s mutual funds range, which drew £1.4bn.
Its fixed income, absolute return, multi-asset and global emerging market strategies were the biggest attractors of flows, the fund house said.
This was a notable turnaround for the group’s mutual funds division, which saw net outflows of £355m in the final quarter of 2016.
It was also a bit of positive press for the group, during a week where it has garnered harsh criticism over plans to grant boss Maarten Slenderbroek a 50% pay hike.
Jupiter dropped the proposal after two of its largest shareholders argued against it in light of government crackdown on executive remuneration.
Total assets under management surged to £43.5bn from £40.5bn in the three months to 31 March, fuelled by a 7.9% increase in its mutual funds’ AUM to £38.0bn.
