Jupiter’s AUM jumps above £26bn after boost in Q4

Solid inflows into its mutual fund business and segregated mandates, as well as positive market movements, helped Jupiter grow its assets under management to over £26bn in Q4.

The group – which boasts a range of popular funds including its Merlin Income fund, run by John Chatfeild-Roberts – saw inflows of £490m into mutual funds in the last quarter of 2012, it said today in a statement.

Combined with market moves of £427m, it means assets under management in its mutual funds are now at £20.6bn, up from £19.7bn at the end of Q3.

Overall, the group said it had seen net inflows totalling £966m for the full year of 2012, up from £278m for the nine months to September, after a surge in gains in the final quarter.

In total, assets under management climbed from £25bn to £26.3bn.

The group, headed by chief executive Edward Bonham Carter (pictured) warned in the short term “continued market uncertainties” left it cautious, but over the long term it was positive on the prospects for the long term savings market.

“While we have seen strong mutual funds flows in the second half of 2012, we remain cautious on the short-term outlook due to continued market uncertainties. The long-term growth prospects for the savings market remain promising and we will continue to focus on delivering outperformance for our clients and investing in our distribution capabilities,” the group said.


This article was first published on Investment Week


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