15th Apr 2015 06:37
LONDON (Alliance News) - Jupiter Fund Management PLC Wednesday reported an increase in assets under management during the first quarter, bolstered by positive market movements and net inflows to its mutual funds.
The asset manager said that assets under management increased to GBP34.76 billion from GBP31.90 billion during the first three months of 2015.
Net inflows of GBP872 million and a positive market movement of GBP1.99 billion were largely due to the showing of its mutual funds.
"Continuing healthy levels of client activity affirms the confidence we have in our strategy to broaden our network of distribution relationships in those markets and products which offer the most potential for long-term growth," Jupiter said in a statement.
"We are confident that, as we extend our relationships with key distributors on a global basis and deliver outperformance after fees, we can continue to deliver profitable growth at attractive margins. This, together with our sustainable balance sheet structure, should enable us to continue to share the rewards of this growth with our stakeholders," Jupiter added.
By Samuel Agini; [email protected]; @samuelagini
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