Jupiter Fund Management has seen net inflows of £872m during the first quarter of 2015 as investors headed to its open-ended funds.
Most of this came into the company’s mutual funds, where there was £883m worth of inflows compared to £21m in investment trusts.
Top-selling funds including Strategic and Dynamic Bond and both Jupiter’s European equity strategies.
Maarten Slendebroek, chief executive of Jupiter, said: “Our core mutual fund franchise again delivered healthy organic growth this quarter, resulting from the continued delivery of our strategy to diversify by product, client type and geography.
“Combined with healthy market growth, this helped Jupiter to increase its total assets under management to £34.8bn.”
|31 December 2014 (£m)||Q1 net flows (£m)||Market movement (£m)||31 March 2015 (£m)|
Jupiter’s assets under management grew from £31bn at the start of the year to £34bn at the end of March.
Alan Solomons, director of London-based Alpha Investments & Financial Planning, said: “Jupiter generally has a reasonable reputation.
“I have used Jupiter in the past but I do not at the moment because when I have looked, performance has been better elsewhere.”