# Jupiter Fund Management plc reports £52.6bn AUM in Q1 2024 Trading Update

- Link: https://www.directorstalkinterviews.com/jupiter-fund-management-plc-reports-52.6bn-aum-in-q1-2024-trading-update/4121153041
- Published: 2024-04-23T08:10:50+01:00
- Author: Amilia Stone

**Jupiter Fund Management plc** (LON:JUP) has issued its trading update in respect
of the three months to 31 March 2024.

**Key points**

·      Group assets under management (AUM) increased over the first quarter to £
52.6bn, driven by positive market movements of £2.0bn.

·      We had net outflows of £1.6bn, equally spread across both client channels.

·      We generated underlying net inflows of £0.3bn, excluding outflows related
to strategies managed by the Value team and to the Chrysalis Investment Trust.

Despite the ongoing challenging backdrop for active asset managers, AUM increased
in the first quarter of the year to £52.6bn, driven by £2.0bn of positive market
returns.

There were total net outflows of £1.6bn, with £0.8bn from each of the retail, wholesale&
investment trusts and institutional channels. These figures include a £0.8bn outflow
following the change in arrangements of the management of the Chrysalis Investment
Trust.

Also included within these outflows are £1.1bn of net redemptions from strategies
managed by the Value team, including £0.7bn from institutional clients. At 31 March
2024, the team managed £7.5bn of externally-managed assets, down from £8.5bn at 
31 December 2023.

Excluding these movements, we generated underlying net inflows of £0.3bn. These 
comprised £0.4bn net inflows in the retail, wholesale & investment trusts channel
and a £0.1bn outflow from the institutional channel.

**Movement in AUM by client channel**

| ** ** | **£bn** | ** ** | 31 December
2023 | Q1 2024net flows | Q1 2024market returnsand other | **31 March2024 |   | 
|   | Retail, wholesale & investment trusts |  | 42.2 | (0.8) | 1.7 | 43.1 |   | 
|   | Institutional |  | 10.0 | (0.8) | 0.3 | 9.5 |   | 
|   | Total |   | 52.2 | (1.6) | 2.0 | 52.6 |   | 
|   | _of which is invested in mutual funds_ | _ _ | _38.1_ | _(0.3)_ | _1.3_ | _39.1_ |   |

**Notice of results**

Jupiter Fund Management will be issuing Interim results for the period to 30 June
2024 on 26 July 2024 and will host an analyst presentation to discuss the results.

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