Jupiter Asset Management has posted inflows of £723 million (€904 million) for the first quarter of the year, boosting its total assets under management to £36.2 billion.
The firm saw mutual fund inflows of £443 million in Q1 and segregated mandate inflows of £274 million. Overall, assets rose by 4% compared to the same period last year.
European equity and global bond strategies attracted the most inflows to mutual funds, along with a new Asian equity product.
The firm said that the net inflows more than offset negative market movements in the same period resulting in an increase in total assets.
Jupiter said the flows have affirmed the firm’s confidence to broaden its distribution network in markets and products that offer the most potential for long-term growth.
“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 firm said.
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