According to a trading update for the three months to the 31 December 2012, Jupiter’s assets under management reached £26.3bn in the final quarter of the last year. This is up from the £25bn reported at the end of the third quarter.
Net inflows for the fourth quarter were £688m, with £490m of this coming from the asset manager’s mutual funds business. Fund inflows jumped from a total of £278m for the nine months to the end of September and helped take the amount of money ran by Jupiter’s mutual funds to £20.6bn.
Funds positioned towards the cautious end of the risk spectrum – such as John Chatfeild-Roberts, Peter Lawery and Algy Smith-Maxwell’s Jupiter Merlin Income Fund and Ariel Bezalel’s Jupiter Strategic Bond Fund – continued to attract inflows.
However, the asset manager added that equity funds such as Ben Whitmore’s Jupiter UK Special Situations Fund and Alexander Darwall’s Jupiter European Growth Fund saw flows strengthen on the back of improved investor risk appetite.
Jupiter chief executive Edward Bonham Carter said: “Jupiter achieved another good quarter, driven by continued positive momentum from our mutual fund franchise.”
The trading update added that continued market uncertainties mean the asset manager remains “cautious” in its short-term outlook, despite the strong flows seen in the fourth quarter.
