Jupiter’s assets rise above £26bn after cautious boost

Jupiter’s assets under management rose to £26.3bn in the last quarter of 2012 as cautious portfolios attracted significant new inflows.

In a trading update this morning, the fund manager said net inflows into its fund range totalled £490m between October 1 and December 31, bringing the total inflows for 2012 to £1.6bn.

Among the most popular funds during the last three months of the year were John Chatfeild-Roberts’ (pictured) £4.2bn Jupiter Merlin Income fund, and Ariel Bezalel’s £1.4bn Jupiter Strategic Bond fund.

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The company said Ben Whitmore’s £806.2m UK Special Situations fund and Alexander Darwall’s €442.4m (£366.6m) European Growth fund also proved popular as investor appetite for equities improved towards the end of the year.

Jupiter said it remained “cautious” on the short-term market outlook “due to continued market uncertainties”.