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Jupiter assets pass £26bn after 5% rise in Q4

Edward Bonham Carter 450
Jupiter chief executive Edward Bonham Carter

Jupiter has reported a 5 per cent jump in assets under management in the final quarter of 2012 after strong net flows into its mutual funds and segregated mandates.

The asset managers’ assets under management stood at £26.26bn at 31 December, 2012 up from £25bn three months earlier.

The firm reported £490m of net flows into its mutual fund range in the last quarter of 2012 while also reporting £206m of net flows into its segregated mandates.

Jupiter has reported cumulative net fund flows of £1.6bn for the whole of 2012.

In a statement, the group said it has seen net inflows totalling £966m for the full year of 2012, up from £278m for the nine months to September. The group says inflows continued into funds at the cautious end of the spectrum, such at the strategic bond and the Merlin income fund.

In a statement, the group, which is headed by chief executive Edward Bonham Carter, says: “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.”

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