Jupiter shares soar 11% after solid results; Now 75% higher than IPO level

Jupiter shares have soared 11% today after investors reacted positively to the group's £734m total net inflow in Q3.

The asset manager's shares were 11.2% higher to 288.9p by 2:15pm, on a day of declines for the majority of the sector. It was up 13% at one stage earlier this afternoon. Jupiter recorded a £484m net inflow into its higher margin mutual fund range in the third quarter, with strong demand for its Sicav range and John Chatfeild-Roberts' Merlin multi-manager products. Jupiter's IPO was more than 2.5 times oversubscribed in June, after a strong take-up from both institutional and retail investors. Its shares are now 75% higher than the IPO price of 165p. A number of Henderson fund manag...