12th Oct 2015 06:36
LONDON (Alliance News) - Jupiter Fund Management PLC on Monday said it attracted GBP77 million of total net inflows into its funds in the third quarter, bolstered by its mutual funds.
In a statement, the fund manager said mutual fund net inflows amounted to GBP196 million in the three months to September 30, which together with GBP23 million of net inflows into investment trusts more than offset GBP142 million net outflows from segregated mandates.
Overall, assets under management fell to GBP33.53 billion at the end of September, from GBP34.33 billion three months previously, with GBP884 million lost due to market movement and performance.
"I'm pleased that our mutual fund franchise again delivered positive net flows this quarter despite a difficult market backdrop, benefiting from the continued delivery of our strategy to diversify by product, client type and geography. This has led to cumulative net mutual fund flows of GBP1.6 billion over the first nine months of 2015, resulting in AUM increasing by 5% this year to GBP33.5 billion despite recent market falls," Chief Executive Maarten Slendebroek said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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