Feb 29 2016

Jupiter’s 2015 inflows hit £1.9bn

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Jupiter’s 2015 inflows hit £1.9bn

Jupiter Asset Management saw £453m of net inflows in the final quarter of 2015 taking its full year total to £1.9bn.

The fund house saw assets under management rise 12 per cent over the course of last year, taking the total to £35.7bn – 87 per cent in mutual funds and £1bn in investment trusts.

Overall, its 2015 net inflows saw over £2bn go into its mutual funds business hampered slightly by client withdrawals from segregated mandates. The £1.9bn annual net inflow figure was a significant increase on the £900m seen in 2014.

The firm’s annual revenues rose 8.7 per cent from 2014 to £329.5m after a bumper increase in performance related fees.

The firm said it was planning two more fund launches alongside next month’s Asian Income fund for Jason Pidcock.

Chief executive Maarten Slendebroek said it had been a good year in terms of the business’s organic growth.

He said the rise in mutual fund inflows was due to “building out international distribution by establishing a presence in countries where our key global clients are also represented”.

He added: “We are also continuing our product diversification, through the targeted launch of new funds.

“In March we will launch an Asian Income Fund and later in the year we will launch an international version of our successful Absolute Return Fund. We also have plans to launch a diversified global environmental/ecology fund, building on Jupiter’s long-established record in socially responsible investing.”