jupiter recoups three quarters

Jupiter Fund Management’s fund flows bounced back into positive territory in the third quarter, following three consecutive quarters of outflows, according to its interim management statement released today.

jupiter recoups three quarters


Net flows of £579m took the group’s AUM to a record £25bn and more than made up for combined outflows of £527m in the previous three quarters.

Inflows of £795m into mutual funds drove the turnaround, which compared to inflows of just £210m in Q2 and of £55m in Q1.

The firm said its “strong investment performance, recognised brand and international distribution reach” helped drive the improvement in sales both in the UK and Europe.

Unsurprisingly, inflows were seen predominantly in those funds positioned towards the cautious end of the risk spectrum, such as John Chatfeild-Roberts’ Merlin Income Fund, Ariel Bezalel’s Strategic Bond Fund and the Global Convertibles Sicav.

On the negative side, Jupiter witnessed net redemptions of £170m from its segregated mandates, prompted by the loss of a UK equity segregated mandate and the withdrawal of the remainder of a large private client portfolio which had already taken the first half of its assets out in Q1.



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