The firm revealed a £2.86bn AUM increase in its trading update for the three months to 31 March, published 15 April, up to £34.76bn from the December 2014 figure of £31.89bn.
A significant part of this was due to market movement, which accounted for £1.99bn of the total increase, divided between a £1.7bn rise in Jupiter FM’s mutual funds, £65m in its investment trusts and £223m in segregated mandates.
The company also saw a £872m net inflows, with an £883m and £21m influx into mutual funds and investment trusts offset by £32m exiting segregated mandates. Jupiter FM said its Dynamic Bond and Strategic Bond vehicles were the best-selling funds in the quarter, while also highlighting the popularity of its European equity offerings.
As of the end of March, the firm’s mutual funds AUM stood at £30.13bn, while segregated mandates and investment trusts held £3.74bn and £879m respectively.
Maarten Slendebroek, Jupiter FM chief executive, commented: “Our core mutual fund franchise again delivered healthy organic growth this quarter, resulting from the continued delivery of our strategy to diversify by product, client type and geography.”
