Jupiter Reports Higher Inflows and Record Assets
Jupiter Fund Management reported higher third-quarter net inflows of 700 million pounds, helped by improving client demand. Assets under management rose to a record 75.9 billion pounds.
Jupiter Fund Management posted £700 million ($926.31 million) in third-quarter net inflows, reversing £800 million in previous outflows. The result marks a sharp rebound from £300 million reported during the same period a year earlier. The recovery extends a broader turnaround for the United Kingdom asset manager following multi-year client withdrawals.
Assets under management rose 51% to a record £75.9 billion by September 30, up from £50.4 billion a year earlier. Retail, wholesale and investment trust channels contributed £1.0 billion in net inflows, marking five consecutive quarters of positive flows.
