Jupiter has reported net inflows of almost £550m in Q1 as new investment trust business and continued retail flows bolstered AUM.
The group saw £465m in net mutual fund inflows in the first quarter, with an additional £159m of investment trust flows more than offsetting an £86m net outflow from its segregated mandates. Trust flows were propped up by the company's move to take over management of the F&C US Smaller Companies IT, while the group's Strategic Bond and UK equity funds drove mutual fund flows. As Investment Week revealed yesterday, the group has separately hired former Kames distribution head Martin Harris to drive the expansion of its institutional business this year. Total AUM rose from £31.7bn to £32...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
