Outgoing chief executive, Edward Bonham Carter attributed the growth to “improved client sentiment and strong delivery from our increasingly broad distribution network”.
Inflows were spread across fixed income funds, such as Strategic Bond and Dynamic Bond, and its flagship equity funds, such as UK Special Situations and its European range.
International flows lifted its SICAV AUM to £3bn at year end.
Together with improved market levels, this led to mutual funds AUM increasing to £24.8bn at 31 December, 2013.
Amid rumours of a sale, the firm’s private client business took a hit of £10m redemptions in Q4, with AUM at £2.26bn.
“We continue to believe in the long-term growth prospects for the savings market,” an update read.
“As we extend our relationships with key distributors on a global basis, we are confident we can continue to deliver profitable growth at attractive margins and, within our sustainable balance sheet structure, share the rewards of this growth with our investors.”
Jonathan Goslin, analyst at Edison Investment Research, said: "Jupiter recorded net inflows of 1.7% during Q4 which was above our estimate of 1.1% due to increased demand for its mutual fund products and expanding international presence. Favourable market movements helped drive a further 4.2% increase in AUM.
"These inflows match recent data from the Investment Management Association which show equities have been the best-selling retail asset class for the eighth consecutive month in November. In particular, UK and European Funds have been in demand."
