Jupiter Fund Management has increased its total assets under management to £32.2bn in the first three months of 2014, primarily driven by inflows into its mutual funds range.
Figures from its interim trading statement showed first quarter net inflows of £465m into its mutual funds product set to boost assets to £25.2bn. Jupiter highlighted inflows into specific funds including the Strategic Bond and Dynamic Bond funds, run by Ariel Bezalel, and equity offerings such as the UK Special Situations fund run by Ben Whitmore and the UK Growth vehicle managed by Ian McVeigh.
The company’s investment trust range also saw inflows of £159m, supported by the win of the F&C US Smaller Companies investment trust mandate earlier in the year.
Maarten Slendebroek, chief executive of Jupiter stated: “Jupiter delivered a further £0.5bn of net inflows in the first quarter as we continue to expand our distribution network and product set. These flows came predominantly from our mutual fund franchise, which will continue to be the main driver of growth going forward following the recently announced disposal of our private client operations.”
