Jupiter assets pass £36bn as strong inflows offset market weakness

Net mutual fund inflows of £443m

Jupiter Fund Management saw its assets under management grow by £507m in the last quarter to reach £36.2bn, driven by strong flows into its mutual fund franchise.

AUM for the quarter ended 31 March grew from £35.7bn in Q4 2015, with total net inflows of £723m partially offset by negative market movements. Net mutual fund inflows for the period totalled £443m, while net segregated mandate sales reaching £274m, and investment trusts taking in £6m. Jupiter poaches sales manager from Miton Asset Management The company said the strong results allow it to continue broadening distribution networks in markets and products which offer the most potential for long-term growth. The firm said: "We are confident that, as we extend our relationships wit...