Jupiter inflows held back by loss of segregated mandate

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Jupiter Fund Management secured £496m in new fund inflows in Q4 2015 but was held back by the loss of a segregated mandate worth £57m.

In a trading update published today, the fund manager revealed cumulative net mutual fund flows of £2.1bn over 2015, driven by £549m of inflows in the last quarter.

Assets under management rose over the year by 12 per cent, from £31.9bn to £35.7bn.

However, a client’s decision to “de-risk its portfolio” resulted in £57m of outflows.

The European Growth and Dynamic Bond funds were the top selling funds during the fourth quarter.

Chief executive Maarten Slendebroek says: “2015 has been another good year for Jupiter, reflecting our strategy to diversify by product, client type and geography, all supported by strong investment performance.

“Across the whole of 2015, these combined to deliver organic mutual fund flow growth of eight per cent and to increase total assets under management by 12 per cent to £35.7 billion despite broadly flat markets.”

Jupiter’s audited 2015 results will be published on 29 February 2016.