Jupiter sees £1.4bn net inflows as H1 profits jump

Jupiter Fund Management has reported net inflows of £1.4bn for the six months to 30 June and a 74% rise in pre-tax profit over the same period.

The fund house’s interim results saw it post pre-tax profit of £84m - up from £48.4m in the equivalent period last year, when it had experienced costs relating to the sale of its private client business. Jupiter said continued flows into its fixed income and European equity products helped drive AUM, particularly as it expanded its distribution capabilities overseas. SICAV AUM growth represented half of total net assets raised during the period and the majority of the firm’s net flow growth, chief executive Maarten Slendebroek (pictured) said. Total assets under management rose fro...