InvestmentsApr 13 2016

Jupiter bags £700m net inflows in Q1

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Jupiter bags £700m net inflows in Q1

Jupiter has reported over £700m of net inflows in the first quarter of 2016, split between its mutual funds business and segregated mandates.

The company – which saw £1.9bn of net inflows in 2015 – said it saw £723m of net new business at the start of this year, of which £443m was into mutual funds and £274m in segregated mandates.

Overall AUM rose £500m to £36.2bn, the firm shedding £216m in assets from negative markets.

The firm’s investment trust business remained relatively stagnant at £988m of assets, seeing only £6m on net inflows in Q1.

Chief executive Maarten Slendebroek said the results had been achieved against a backdrop of “less favourable market conditions” seen in the first quarter.