Jupiter Fund Management is planning to launch a new Enhanced Distribution fund in the second half of the year after reporting a strong first half.
The fund house reported net inflows of £1.4bn in the six months to June 30.
Confident for its prospects in the second half of the year, the group is planning to launch a new income fund, an Enhanced Distribution fund, subject to FCA approval.
The new fund will be similar to its current £567m Distribution fund, which seeks to provide income through a mixture of bonds and equities.
Jupiter is also planning to launch a new Asian Income fund for its recent hire, Jason Pidcock.
Chief executive Maarten Slendebroek said: “These are important steps along the journey of transforming our product range from one primarily designed around our UK client base to one that offers a variety of attractive options to our increasingly international distribution partners.”
The group said flows in the first half of the year went mainly into its Strategic Bond fund and European equity products. The best performing areas were continental Europe and Asia, according to Mr Slendebroek.
Total assets under management jumped from £31.9bn at the end of last year to £34.3bn by the end of June.
