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Interim Management Statement

17th Oct 2013 07:00

RNS Number : 7003Q
Jupiter Fund Management PLC
17 October 2013
 



Jupiter Fund Management plc

Q3 Interim Management Statment

 

Interim Management Statement

 

17 October 2013

 

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its interim management statement in respect of the three months to 30 September 2013.

 

HIGHLIGHTS

 

§ Assets under management ("AUM") increased to £29.9 billion in the three months to 30 September 2013.

§ Net mutual fund inflows of £278 million in the three months to 30 September 2013.

§ Cumulative net mutual fund inflows of £704 million in the nine months to 30 September 2013.

 

Edward Bonham Carter, Chief Executive, commented:

 

"Our broadened distribution presence, diverse product range and strong investment performance enabled us to deliver net mutual fund inflows of £278 million in the quarter. These steady inflows helped Jupiter's AUM increase to £29.9 billion at 30 September 2013."

 

ASSETS UNDER MANAGEMENT AND FLOWS

 

30 June

2013

£m

Q3 net flows

£m

Market movement

£m

30 September 2013

£m

Mutual funds

22,730

278

328

23,336

Segregated mandates

3,526

(28)

137

3,635

Private clients

2,130

15

79

2,224

Investment trusts

659

6

29

694

Total

29,045

271

573

29,889

 

Jupiter delivered net mutual fund flows of £278 million during the third quarter, with positive contributions from both our UK and international channels. Inflows were spread across fixed income funds, such as Strategic Bond and Dynamic Bond, together with top-performing equity funds, such as UK Special Situations and European. Together with improved market levels, this led to mutual funds AUM increasing to £23.3 billion at 30 September 2013.

 

Overall net inflows for the quarter were £271 million, taking cumulative net inflows for the year to date to £689 million.

 

OUTLOOK

 

Consistent levels of client activity and improving market sentiment has affirmed our belief in the long-term growth prospects for the savings market. As we build out relationships with key distributors on a global basis, we are confident we can continue to deliver profitable growth at attractive margins and, within our sustainable balance sheet structure, to share the rewards of this growth with our investors.

 

 

For further information please contact:

Investors

Media

Jupiter

Philip Johnson

+44 (0)20 7314 4807

Alicia Wyllie

+44 (0)20 7314 5573

 

 

 

FTI Consulting

Laura Ewart

+44 (0)20 7269 7243

Andrew Walton

+44 (0)20 7269 7204

 

Forward-looking statements

 

This announcement contains forward-looking statements with respect to the financial condition, results and business of the Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. Jupiter's actual results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.

 

 

 

Historic Flow and AUM data by quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flows and AUM by quarter

 

 

 

 

 

 

 

 

 

 

 

 

Q1 2012

£m

Q2 2012

£m

Q3 2012

£m

Q4 2012

£m

Q1 2013

£m

Q2 2013

£m

Q3 2013

£m

Q4 2013

£m

 

Total

 

 

 

 

 

 

 

 

Opening AUM

22,807

24,177

23,371

24,999

26,268

29,138

29,045

 

Gross inflows

1,207

1,359

1,635

1,820

1,726

1,729

1,618

 

Gross outflows

(1,320)

(1,548)

(1,056)

(1,132)

(1,517)

(1,520)

(1,347)

 

Net Flows

(113)

(189)

579

688

209

209

271

 

Market / FX movements

1,483

(617)

1,049

581

2,661

(302)

573

 

Closing AUM

24,177

23,371

24,999

26,268

29,138

29,045

29,889

 

 

 

 

 

 

Mutual funds

 

 

 

 

Opening AUM

17,219

18,351

18,054

19,655

20,572

22,885

22,730

 

Gross inflows

1,122

1,105

1,586

1,482

1,572

1,493

1,535

 

Gross outflows

(1,067)

(895)

(791)

(992)

(1,325)

(1,314)

(1,257)

 

Net Flows

55

210

795

490

247

179

278

 

Market / FX movements

1,077

(507)

806

427

2,066

(334)

328

 

Closing AUM

18,351

18,054

19,655

20,572

22,885

22,730

23,336

 

 

 

 

Segregated mandates

 

 

 

Opening AUM

3,338

3,493

2,927

2,905

3,207

3,531

3,526

 

Gross inflows

42

116

16

285

93

67

24

 

Gross outflows

(144)

(618)

(186)

(79)

(149)

(167)

(52)

 

Net Flows

(102)

(502)

(170)

206

(56)

(100)

(28)

 

Market / FX movements

257

(64)

148

96

380

95

137

 

Closing AUM

3,493

2,927

2,905

3,207

3,531

3,526

3,635

 

 

 

 

Private clients

 

 

 

Opening AUM

1,731

1,757

1,824

1,852

1,888

2,059

2,130

 

Gross inflows

43

138

33

53

51

160

50

 

Gross outflows

(109)

(35)

(79)

(61)

(42)

(39)

(35)

 

Net Flows

(66)

103

(46)

(8)

9

121

15

 

Market / FX movements

92

(36)

74

44

162

(50)

79

 

Closing AUM

1,757

1,824

1,852

1,888

2,059

2,130

2,224

 

 

 

 

Investment trusts

 

 

 

Opening AUM

519

576

566

587

601

663

659

 

Gross inflows

0

0

0

0

10

9

9

 

Gross outflows

0

0

0

0

(1)

0

(3)

 

Net Flows

0

0

0

0

9

9

6

 

Market / FX movements

57

(10)

21

14

53

(13)

29

 

Closing AUM

576

566

587

601

663

659

694

 

 

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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