15th Jan 2014 07:57
LONDON (Alliance News) - Jupiter Fund Management PLC Wednesday said its assets under management increased to GBP31.7 billion at the end of 2013, up 20% from a year earlier, as it booked net mutual fund inflows of GBP458 million in the final quarter of the year.
In a statement, the company said cumulative net mutual fund inflows were GBP1.2 billion for the whole of 2013.
"Mutual fund inflows of GBP458 million in the fourth quarter were driven by improved client sentiment and strong delivery from our increasingly broad distribution network," Chief Executive Edward Bonham Carter said in a statement.
The fund manager said it will put out its full-year results February 27.
By Steve McGrath; [email protected]; @SteveMcGrath1
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