Jupiter sees AUM jump 9% in fourth quarter

Jupiter saw its assets under management climb 9% to £24bn in the fourth quarter, with net inflows of £772m beating analysts' expectations.

Over the year to 31 December, 2010, the group saw cumulative net inflows of £2.32bn. The group's mutual funds saw the largest inflow, with a £529m inflow driving assets under management to £18.4bn. The European funds, Global Convertible, Strategic Total Return Sicav, and John Chatfeild-Roberts' Merlin fund of funds range were the most popular offerings. AUM in the firm's Sicavs more than doubled during 2010 to £1.4bn, Jupiter says. Segregated mandates were the second best performer for Jupiter over the reporting period, with an inflow of £242m. The investment trust product ra...