Jupiter sees £449m in retail inflows

UK-Currency-Money-Coin-Pounds-GBP-700x450Jupiter Asset Management has seen £449m of inflows to retail funds in the first three months of the year, driven in part by the launch of its new Asian equity fund.

The asset manager has seen £443m of inflows to mutual funds and £6m of inflows to investment trusts. The inflows mainly went to European equity and global bond strategies, the manager says.

The inflows take the total assets under management for the group to £36.2bn.

Maarten Slendebroek, chief executive, says: “We are pleased to report that our mutual fund franchise again delivered healthy net flows of £0.4bn this quarter, complemented by net flows of £0.3bn into segregated mandates. This has been achieved despite less favourable market conditions, although our investment performance has remained strong.”

Last year Jupiter saw £2.1bn in net mutual fund inflows in 201, taking total assets to £35.7bn.

Jupiter hired Jason Pidcock from Newton last year, and launched the Asian Income fund for him earlier this year. The manager is planning to launch an international version of its Absolute Return fund later this year, and a global environmental or ecology fund.