Jupiter's shares climb as AUM rise 2% in Q1

Jupiter Fund Management pulled in £333m of assets in the first quarter of 2011, taking AUM to £24.5bn

The group saw inflows into its mutual fund business of £397m, with the group noting its fund of funds range - run by John Chatfeild-Roberts - had been particularly popular.

This was partly offset by outflows of £71m which Jupiter says were the result of a single client selling off part of their portfolio.

AUM climbed 2% in total from the end of December when it stood at £24.1bn.

Edward Bonham Carter, chief executive, says: "Against a backdrop of volatile markets and falling UK consumer disposable income, Jupiter has had a steady start to 2011."

In early trading Jupiter's shares were up 2.7% or 7.7p, at 296.4p.