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Jupiter Fund Management PLC

Jupiter Fund Management plc Trading Update and Notice of Results

Jupiter Fund Management plc (LON:JUP) today issued its trading update in respect of the three months to 31 March 2019.

HIGHLIGHTS

§ Net outflows in the quarter of £0.5bn.

§ AUM at 31 March 2019 of £44.1bn, an increase of £1.4bn in the quarter of which £1.9bn was driven by market movements.

ASSETS UNDER MANAGEMENT AND FLOWS

31 December

 2018

£m

          Q1 net flows

                         £m

Market/FX movement

£m

31 March

 2019

£m

Mutual funds

36,940

(991)

1,524

37,473

Segregated mandates

4,577

513

258    

5,348

Investment trusts

1,156

(4)

88

1,240

Total

42,673

(482)

1,870

44,061

 

Net mutual fund outflows were £1.0bn during the quarter, of which £0.5bn related to a client transferring to a segregated mandate within the Value Equities strategy. The remaining £0.5bn outflow was predominantly from our European Opportunities and Fund of Funds strategies, principally within the UK.

The UK Dynamic Growth (SICAV) Fund was closed in the quarter contributing £3.5m to net outflows.

NOTICE OF RESULTS

Jupiter will be issuing results for the period ended 30 June 2019 on 30 July 2019 and will host an analyst presentation to discuss the results at 9:00am. The presentation will be held at The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.