View more on these topics

Jupiter posts best inflows in over a year

Jupiter Fund Management has reported inflows of £1.4bn in the first three months of the year with diversification strategies leading to the best quarter of inflows in more than a year.

In a quarterly trading update, published today, the £40bn firm reported “significant flows” into its fixed income, absolute return, multi-asset and global emerging markets strategies.

This compares with net inflows of £1bn for the whole of 2016, although Jupiter said last year international diversification had compensated for “a tough year in the UK”.

Geographically, inflows were the strongest in Asia and continental Europe, including “positive contributions” from Italy and Spain where Jupiter recently opened offices.

Jupiter declined to comment on the flows coming from the UK for the period.

The new flows brought assets under management to a total £43.5bn in the three months to 31 March, increasing by 7.4 per cent from the previous quarter.

However, segregated mandates and investment trust flows were negative for the period, with £93m and £3m outflows respectively.

Jupiter chief executive Maarten Slendebroek says: “We are pleased to report a strong start to 2017, driven by our mutual fund franchise which saw net inflows of £1.4bn.

“The continued strategy to diversify our business by product, client type and geography and delivery of strong investment performance after fees across a broad range of strategies has resulted in good inflows both internationally and within the UK.”

In March, Slendebroek rejected suggestions the firm is in the market for a merger with another asset management group. He said while an acquisition would be possible, the firm is capable of growing organically for years to come.

Research firm Liberum argues Jupiter’s “impressive inflows” are the firm’s strongest quarterly result since the company listed in 2010. The new inflows make up more than half of net inflow Liberum forecast for the full year of £2.4b.

Research analyst Justin Bates says: “Based on the strong first quarter result, our 2017 forecasts look well underpinned. Nonetheless, we caution that quarterly results can exhibit volatility, and that the majority of Jupiter’s fiscal year is yet to run. Therefore, we maintain our forecasts for now”.


Jupiter boss rules out merger deal

Jupiter chief executive Maarten Slendebroek has put the kibosh on suggestions the firm is in the market for a merger with another asset management group. In October it was reported that Macquarie was looking to acquire Jupiter, with both firms refraining from commenting on the speculation. M&A activity has been ramping up in the asset management […]


Jupiter launches emerging markets bond fund

Jupiter has launched an emerging markets bond fund for Alejandro Arevalo, who joined Jupiter in December from Pioneer Investments. The Jupiter Global Emerging Markets Corporate Bond fund, a sub-fund of the Jupiter Global Fund SICAV, aims to provide income and capital growth over the long term by investing in emerging market bonds. While the fund […]

Jupiter sees £1bn inflows despite ‘a tough year’ for the UK

Jupiter Fund Management has seen net inflows of £1bn in 2016 as international diversification compensated for “a tough year in the UK”, the group says. In its full year result as of 31 December, the asset manager says inflows were strongest in the first and third quarters of last year, contributing to a 13 per […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm