Jupiter has reported net inflows of almost £550m in Q1 and hired former Kames distribution head Martin Harris to lead its institutional business.
The group saw £465m in net mutual fund inflows in the first quarter, with an additional £159m of investment trust flows more than offsetting an £86m net outflow from its segregated mandates. Trust flows were propped up by the company's move to take over management of the F&C US Smaller Companies IT, while the group's Strategic Bond and UK equity funds drove mutual fund flows. As Investment Week revealed yesterday, the group has separately hired former Kames distribution head Martin Harris to drive the expansion of its institutional business this year. Total AUM rose from £31.7bn to...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
