News

European investors gravitate to Jupiter

Jupiter Fund Management’s diversification strategy saw net inflows climb more than fivefold in 2017, the firm said.

Net inflows were £5.5 billion (€6.2 billion) in the year to December 31 compared with £1 billion the previous year.

Net inflows continued across all regions, with continental Europe the highest contributor in the last quarter.

Total assets under management (AuM) rose by 24% in 2017 thanks to positive inflows and investment returns in its mutual fund and segregated mandate channels, the company said.

Maarten Slendebroek, chief executive of Jupiter, said the year was one of consistent progress at Jupiter and strong investment performance enabled the delivery of positive returns after fees for clients.

The company said that in 2018 it aims to build on the momentum with further business diversification alongside investment in maintaining its operating model.

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