Jupiter's diversification strategy leads to best inflows in over a year

Overall net inflows of £1.3bn

Jupiter Fund Management has reported assets under management jumped 7.4% to £43.5bn in the three months to 31 March 2017, as the group's diversification strategy resulted in its best quarterly inflows figure in over a year.

In a trading update, the fund house said it saw net mutual fund inflows of £1.4bn during the quarter driven by "significant flows" into its fixed income, absolute return, multi-asset and global emerging markets strategies. Having recently opened offices in Italy and Spain, these also saw inflows into Asia and continental Europe mandates. Overall net inflows were £1.3bn, the highest quarterly figure in over a year.  Jupiter scraps planned 50% pay rise for Slendebroek "Healthy net inflows,  investment performance and currency effects led to mutual fund AUM increasing to £38bn as a...