TIDMJUP
RNS Number : 3230D
Jupiter Fund Management PLC
26 April 2017
Trading Update and Notice of Results
26 April 2017
Jupiter Fund Management plc ("Jupiter", the "Group") today
issues its trading update in respect of the three months to 31
March 2017.
HIGHLIGHTS
-- Net mutual fund inflows of GBP1.4bn in the quarter, with
overall net inflows of GBP1.3bn.
-- Total AUM increased 7.4% to GBP43.5bn at 31 March 2017.
Maarten Slendebroek, Chief Executive, commented:
"We are pleased to report a strong start to 2017, driven by our
mutual fund franchise which saw net inflows of GBP1.4bn. The
continued strategy to diversify our business by product, client
type and geography and delivery of strong investment performance
after fees across a broad range of strategies has resulted in good
inflows both internationally and within the UK."
ASSETS UNDER MANAGEMENT AND FLOWS
31 December Q1 net Market/FX 31 March
2016 flows movement 2017
GBPm GBPm GBPm GBPm
==================== =========== ============================= =========================== ========
Mutual funds 35,216 1,402 1,368 37,986
==================== =========== ============================= =========================== ========
Segregated mandates 4,244 (93) 243 4,394
==================== =========== ============================= =========================== ========
Investment trusts 1,083 (3) 73 1,153
==================== =========== ============================= =========================== ========
Total 40,543 1,306 1,684 43,533
==================== =========== ============================= =========================== ========
Total AUM increased across all channels during the quarter as a
result of positive investment returns and healthy mutual funds
inflows.
Net mutual fund inflows were GBP1.4bn during the first quarter,
with significant flows into our Fixed Income, Absolute Return,
Multi Asset and Global Emerging Market strategies. Inflows have
been particularly strong in Asia and continental Europe, including
positive contributions from our recently opened offices in Italy
and Spain. Healthy net inflows, investment performance and currency
effects led to mutual fund AUM increasing to GBP38.0bn as at 31
March 2017, an increase of 7.9% in the quarter.
NOTICE OF RESULTS
Jupiter will be issuing results for the period ended 30 June
2017 on 26 July 2017 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.
SUMMARY & OUTLOOK
Net inflows, underpinned by the delivery of strong investment
outperformance after all fees to investors, affirm the confidence
we have in our diversification strategy offering potential for
further long-term growth. We continue to invest in maintaining our
scalable operating model, leaving us well placed to deliver growth
and to continue sharing the rewards of that growth with our
stakeholders.
For further information Investors Media
please contact:
Jupiter Alex Sargent/Investor Alicia Wyllie
Relations +44 (0)20 3817
+44 (0)20 3817 1638
1534/1065
FTI Consulting Tom Blackwell Andrew Walton
+44 (0)20 3727 +44 (0)20 3727
1051 1514
Forward-looking statements
This announcement contains forward-looking statements with
respect to the financial condition, results and business of the
Group. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events, and depend on
circumstances, that will occur in the future. Jupiter's actual
results may differ materially from the results expressed or implied
in these forward-looking statements. Nothing in this announcement
should be construed as a profit forecast.
Historic flow and AUM data by quarter
Flows and AUM
by quarter
=============== =============== ======= ================= ======= =============== ======= ======= =======
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
=============== =============== ======= ================= ======= =============== ======= ======= =======
Total
=============== =============== ======= ================= ======= =============== ======= ======= =======
Opening AUM 35,674 36,181 37,023 40,356 40,543
Gross inflows 2,798 2,290 2,911 2,603 3,981
Gross outflows (2,075) (2,382) (2,122) (2,976) (2,675)
Net flows 723 (92) 789 (373) 1,306
Market / FX
movements (216) 934 2,544 560 1,684
Closing AUM 36,181 37,023 40,356 40,543 43,533
Mutual funds
=============== =============== ======= ================= ======= =============== ======= ======= =======
Opening AUM 31,170 31,418 32,268 35,153 35,216
Gross inflows 2,473 2,241 2,769 2,527 3,864
Gross outflows (2,030) (2,237) (2,002) (2,882) (2,462)
Net flows 443 4 767 (355) 1,402
Market / FX
movements (195) 846 2,118 418 1,368
Closing AUM 31,418 32,268 35,153 35,216 37,986
Segregated
mandates
=============== =============== ======= ================= ======= =============== ======= ======= =======
Opening AUM 3,527 3,775 3,754 4,136 4,244
Gross inflows 314 48 142 76 117
Gross outflows (40) (133) (111) (89) (210)
Net flows 274 (85) 31 (13) (93)
Market / FX
movements (26) 64 351 121 243
Closing AUM 3,775 3,754 4,136 4,244 4,394
Investment
trusts
=============== =============== ======= ================= ======= =============== ======= ======= =======
Opening AUM 977 988 1,001 1,067 1,083
Gross inflows 11 1 - - -
Gross outflows (5) (12) (9) (5) (3)
Net flows 6 (11) (9) (5) (3)
Market / FX
movements 5 24 75 21 73
Closing AUM 988 1,001 1,067 1,083 1,153
This information is provided by RNS
The company news service from the London Stock Exchange
END
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