Jupiter Fund Management celebrates 'positive momentum'; hails retail

Jupiter Fund Management PLC on Wednesday said ‘positive momentum’ seen towards the end of the first half continued in the third quarter, citing improvement in retail and wholesale investor sentiment.

Founded in 1985, London-based Jupiter is an active, ‘high conviction’ asset manager.

It generated £300 million of net positive flows for the quarter. Jupiter said this means net flows year-to-date are now positive at £100 million.

For the third quarter of 2024, the company had reported negative net flows of £1.6 billion.

‘Ongoing strong performance, underpinned by a marked improvement in retail and wholesale investor sentiment, led to net inflows in this channel of £800 million in the third quarter,’ Jupiter said.

Assets under management at September 30 amounted to £50.4 billion, rising 7.0% from £47.1 billion at the end of June.

Jupiter Fund said: ‘On a regional basis, we continued to see momentum from clients based in continental Europe, where we saw net inflows during the quarter of £600 million. In the UK, improved momentum through the first half resulted in positive net inflows of £300 million in the third quarter, predominantly from retail clients into UK equities and Systematic equities capabilities.’

It added: ‘The improvement in flows was driven by both an improvement in risk appetite amongst clients in the Retail, wholesale and investment trusts channel and ongoing strong investment performance across our differentiated capabilities, partially offset by net outflows in the Institutional channel,’ it explained.

‘Sentiment towards UK equities continued to improve throughout the period.’

Jupiter Fund will publish 2025 results on February 26.

Jupiter Fund shares were down 4.4% at 144.60 pence each on Wednesday morning in London.

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