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Jupiter breaks £40bn AUM mark despite investment trust outflows

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Net inflows of £789m in the third quarter have helped take the Jupiter’s assets under management to £40.4bn.

Absolute return, fixed income and global emerging market strategies saw “significant” inflows, according to interim results.

Chief executive Maarten Slendebroek says: “This has been achieved against a backdrop of market uncertainty following the UK referendum. Alongside these flows, we continue to see strong investment performance across our product range.”

However, the asset manager saw £9m of outflows from its investment trusts.

Market and foreign exchange movements added a further £2.5bn to assets, which were up from £37bn at the end of June. 

The results warned of “changeable markets and regulatory uncertainty” to continue for the rest of the year and into 2017. 

It noted it was committed to diversifying products and client type into areas positioned for long-term growth and that it was extending relationships with “key distributors on a global basis”.

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