Jupiter Q3 inflows boost AUM to £25bn

Edward Bonham Carter 200
Edward Bonham Carter

Jupiter Fund Management saw net inflows of £579m during the third quarter of the year, increasing assets under management to £25bn.

The asset manager was helped by net inflows to mutual funds of £795m during the three months to 30 September, despite outflows of £170m and £46m in its segregated mandates and private clients businesses, respectively.

Jupiter chief executive Edward Bonham Carter says: “During the difficult flow environment in the first half of the year, we continued to position the business for growth.

“It was therefore pleasing to see an acceleration in mutual fund inflows to £795m in the third quarter, resulting in record AUM of £25bn.”

Third quarter inflows were impacted by the loss of a UK equity segregated mandate and the remainder of a large private client portfolio.

According to Jupiter, inflows were seen predominantly into funds at the cautious end of the risk spectrum.

The third quarter results have helped move net flows positive for the year to date, standing at £277m for the first nine months of the year.