# Jupiter Fund Management reports record £68.4bn AUM in Q1 2026

- Link: https://www.directorstalkinterviews.com/jupiter-fund-management-reports-record-68-4bn-aum-in-q1-2026/4121249666
- Published: 2026-04-21T07:56:58+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 2026.

Total assets under management (AUM) increased by 27% since year end to close at 
£68.4bn, driven by the completion of the CCLA Investment Management (CCLA) acquisition
and another quarter of positive net inflows, partially offset by the impact of geopolitical
events on market levels in March 2026.

**Key points:**

·      Group AUM increased by £14.4bn over the quarter to close at a reporting period-
end record of £68.4bn.

·      During the period the Group completed the acquisition of CCLA, introducing
£15bn of AUM on the completion date of 2 February 2026.

·      We continued to generate positive net inflows, with £1.5bn in the first quarter.
Retail & Wholesale and Institutional client channels generated £1.7bn of net inflows
which, in line with our expectations, was partly offset by small net outflows in
CCLA managed strategies (excluding Money Market Funds (MMFs)).

·      Although the first two months of the year saw strong positive market movements
and good flow momentum, this was inevitably impacted by geopolitical events. Nonetheless,
we are pleased to have generated small positive net inflows in March across both
the Retail & Wholesale and Institutional client channels.

The positive momentum we saw through the latter half of 2025 continued into the 
first quarter of 2026, despite the increasingly uncertain geopolitical environment
towards the end of the period. We generated total positive net inflows of £1.5bn
in the quarter.

January and February saw higher levels of client demand along with strong market
returns. Geopolitical events in the Middle East materially impacted both markets
and client risk appetite through March, although we still generated positive net
inflows in our Retail & Wholesale and Institutional client channels in each month
of the quarter.

Across the quarter, we saw ongoing momentum in the Retail & Wholesale channel resulting
in net inflows of £1.4bn. We also saw a return to positive inflows in the Institutional
client channel. Net inflows of £0.3bn from Institutional clients were well diversified
across five of our core investment capabilities.

In line with our expectations, and as we highlighted at our full year 2025 results,
we saw small outflows of £0.2bn from CCLA strategies (excluding MMFs) in the first
quarter^(1).

From a capability perspective, four of our core investment capabilities generated
positive net inflows in the first quarter. Whilst there was ongoing demand for Systematic
equities, we also delivered continued positive net inflows for Global equities, 
driven by Gold & Silver, and UK equities, with flows into UK Dynamic strategies.
Our European equities capability also returned to positive net flow for the first
time since 2018, with strong investment performance from the recently joined team.

Market sentiment has clearly shifted materially in recent weeks in response to geopolitical
events. It is too early to tell if this represents a sustained change in client 
appetite towards risk assets or whether it will be more short-term and transitory.
Despite the external environment, Jupiter remains in a stronger position today than
we have been for a number of years and, with a broader, more diversified set of 
investment capabilities, are well-placed to take advantage of the opportunities 
that lie ahead.

_1. Note that given the potentially large and volatile nature of gross in- and outflows,
CCLA money market funds are excluded from our reporting of flows. Their £4.1bn of
AUM is, however, included in total CCLA AUM of £14.2bn._

Movement in AUM by client channel

| ** ** | **£bn** | ** ** | 31 December
2025 | Q1 2026acquisitions | Q1 2026net flows | Q1 2026market returnsand other | **31 March2026 |   | 
|   | Retail, wholesale & investment trusts |  | 44.6 | – | 1.4 | (1.2) | 44.8 |   | 
|   | Institutional |  | 9.4 | – | 0.3 | (0.3) | 9.4 |   | 
|   | CCLA |  | – | 15.0^(1,2) | (0.2)^(1) | (0.6)^(1,3) | 14.2^(4) |   | 
|   | Total |   | 54.0 | 15.0^(1) | 1.5^(1) | (2.1)^(1) | 68.4 |   |

_1. From completion of acquisition on 2 February 2026_

_2. Of which £4.2bn is in MMFs_

_3. Includes AUM movements of MMFs_

_4. Of which £4.1bn is in MMFs_

Notice of results

Jupiter Fund Management will be issuing Interim results for the period to 30 June
2026 on 23 July 2026 and will host an analyst presentation to discuss the results.

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