Jupiter Fund Management has pointed to the success of its diversification strategy after the asset manager achieved £1.4bn of net mutual fund inflows for the first quarter.
According to a trading update covering the three months to 31 March 2017, the fund house enjoyed a "strong start" to the year, with overall net inflows of £1.3bn. Total assets under management rose from £40.5bn at the end of 2016 to £43.5bn.
The firm's fixed income, absolute return, multi-asset and global emerging market offerings were bolstered by "significant flows", with investment performance and currency effects also proving supportive.
Chief executive Maarten Slendebroek said: "The continued strategy to diversify our business by product, client type and geography and delivery of strong investment performance after fees across a broad range of strategies has resulted in good inflows both internationally and within the UK."
