View more on these topics

Jupiter assets drop to £33.5bn amid market falls


Jupiter Asset Management has seen a drop in assets under management to £33.5bn despite net inflows as it lost £884m on its investments, according to third quarter results.

The asset manager saw £196m of net inflows to mutual funds in Q3, driven by European equity strategies and the Dynamic Bond fund. However, it lost £719m in investment returns, which the manager said was “strong relative investment performance”.

Assets in the manager’s investment trusts rose, after £23m of net inflows and £21m of investment gains.

Over the nine months to end of September the asset manager’s mutual fund AUM rose by £1.7bn, through a combination of net inflows and strong investment performance in Q1 of this year.

Jupiter is also changing the pricing on its Sicav funds, moving to a flat-rate fee rather than a variable fee. “This will replace the current arrangement where our Sicav investors are subject to variable operating expenses and, as a result, the group will take on associated costs which are currently borne by the Sicav funds,” the manager says.

The move is awaiting regulator approval, after which more details will be provided.

Jupiter chief executive Maarten Slendebroek: “I’m pleased that our mutual fund franchise again delivered positive net flows this quarter despite a difficult market backdrop, benefiting from the continued delivery of our strategy to diversify by product, client type and geography.”


FCA interior logo 620x430

Advisers optimistic as FCA launches long-stop review

Advisers are optimistic on the introduction of a long-stop after the FCA announced it would consult on the issue as part of the Financial Advice Market Review. In a consultation paper on the FAMR jointly published by the FCA and the Treasury earlier this week, the regulator says it will evaluate the options around implementing […]

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


News and expert analysis straight to your inbox

Sign up


    Leave a comment