Jupiter reaffirms commitment to 'organic' expansion plans after robust Q4

AUM grew by 12%

Jupiter Fund Management laid out expansion plans for 2016 in its trading update this morning, following strong mutual fund flows in the final quarter of 2015.

The group grew assets under management from £33.5bn to £35.7bn in the last three months of last year, as a result of net inflows of £549m in its mutual fund range. The top selling strategies were European Growth, run by Alex Darwall, and the Dynamic Bond, managed by Ariel Bezalel. Maarten Slendebroek (pictured), chief executive, said: "Our mutual fund franchise again delivered healthy net flows of £559m this quarter, resulting in cumulative net mutual fund flows of £2.1bn for the full year. "2015 has been another good year for Jupiter, reflecting our strategy to diversify by produc...