13th Apr 2016 06:46
LONDON (Alliance News) - Jupiter Fund Management PLC on Wednesday said its assets under management rose amid the market volatility seen in the first quarter of 2016, boosted by inflows into European equity and global bond strategies, and from the introduction of a new Asian equity product.
Assets under management increased to GBP36.18 billion from GBP35.67 billion over the course of the three months ended March 31, as total net inflows of GBP723 million more than offset a GBP216 million hit from market movements.
Jupiter reported mutual fund net inflows of GBP443 million, and GBP274 million into segregated mandates.
"Continuing healthy levels of client flows affirm 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," the asset manager said.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Jupiter Fund Management