Jupiter's AUM climbs in Q3 as inflows soar

Income trust returns to net inflows

Total assets under management at Jupiter Fund Management climbed £3.3bn to £40.4bn in the three months to end of September 2016, as a result of weak sterling, positive investment performance and a significant jump in inflows.

In a trading update released this morning, Jupiter reported total net flows of £789m for the third quarter, a significant improvement on the net outflows of £92m reported in Q2 2016 and the £77m net inflows reported in the same quarter the year before. Net mutual fund inflows were £767m during the third quarter, said the group, with significant inflows into absolute return, fixed income and global emerging market strategies. Jupiter renames Gunn and Petheram's High Income fund Meanwhile, the group also saw a return to net flows on the £2.2bn Income trust, run by Ben Whitmore. Se...