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Jupiter Sees Q4 AUM Rise

Stephen Little, Reporter, London, 16 January 2014

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Jupiter Fund Management saw its assets under management increase 6 per cent to £31.7 billion in the three months to 31 December 2013, up from £29.9 million at the end of the third quarter 2013.

Jupiter Fund Management saw its assets under management increase 6 per cent to £31.7 billion ($51.9 billion) in the three months to 31 December 2013, up from £29.9 million at the end of the third quarter 2013.

Overall net inflows for the quarter were £510 million, taking cumulative net inflows for the full year to £1.2 billion.

Inflows were spread across fixed income funds, including the Strategic Bond and Dynamic Bond, and its flagship UK Special Situations fund.

International flows lifted its SICAV assets under management to £3 billion at year end.

Together with improved market levels, this led to mutual funds assets under management increasing to £24.8 billion at 31 December 2013.

The strongest performance came from net mutual fund, which saw inflows of £458 million in the three months to 31 December 2013.

However, the private client division, which Jupiter is looking to sell, according to media reports, saw an outflow of £10 million for the final quarter.

"Mutual fund inflows of £458 million in the fourth quarter were driven by improved client sentiment and strong delivery from our increasingly broad distribution network. This continued momentum from our mutual fund franchise helped Jupiter's assets under management increase by 20 per cent over the full year to £31.7 billion at 31 December 2013," said chief executive Edward Bonham Carter.

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