Jupiter confirmed that “inflows have been particularly strong in Asia and Continental Europe” With the asset manager’s newly opened offices in Italy and Spain positively contributing to growth in Europe.
“Q1 is seasonally strong because of the tax year but these inflows are encouraging, particularly for the international strategy of growing AUM outside the UK,” said Cantor Fitzgerald financial services analyst Keith Baird.
As such, Baird said Cantor Fitzgerald is retaining its 470p target and ‘Hold’ recommendation.
Jupiter will be issuing its interim results on 26 July 2017.
