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Jupiter Fund Management plc trading update

Jupiter Fund Management plc trading update

Thu 11 Oct 2018 07:27 by ukcitymedia.co.uk about : trading updates - 0 Comments - 6129 words


HIGHLIGHTS

 

  • Net outflows in the quarter of £0.8bn.
  • AUM at 30 September 2018 was £47.7bn.

 

 

ASSETS UNDER MANAGEMENT AND FLOWS

 

 

 

 

 

 

 

 

 

 

30 June

 2018

£m

Q3 net flows

£m

Market/FX movement

£m

30 September

 2018

£m

 

 

Mutual funds

41,998

(773)

248

41,473

 

 

Segregated mandates

4,961

(62)

2        

4,901

 

 

Investment trusts

1,276

2

69

1,347

 

 

Total

48,235

(833)

319

47,721

 

 

 

 

Q3 2018 saw AUM decrease from the half year to £47.7bn as a result of £0.8bn net outflows, partly offset by positive performance of £0.3bn.

 

Net mutual fund outflows were £0.8bn during the quarter, £0.6bn of which were from our Fixed Income strategy, principally in Continental Europe.  We also saw negative flows in our European Opportunities and Fund of Funds strategies, partially offset by positive flows in our European Growth, Value Equities and Absolute Return strategies.

 

In keeping with our strategy of continued diversification, the Merlin Real Return (Unit Trust), Eurozone Equity (SICAV) and Flexible Income (SICAV) Funds were all launched in the quarter, strengthening our Fund of Funds, European Opportunities and Multi Asset strategies respectively.  Within our Alternatives strategy, we launched the US Equity Long Short (SICAV) Fund in October.

                                                                                                   

 

NOTICE OF RESULTS

 

Jupiter will be issuing results for the period ended 31 December 2018 on 1 March 2019 and will host an analyst presentation to discuss the results at 9:00am. The presentation will be held at The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ.

 

For further information please contact:

 

Investors

Media

 

 

Jupiter

Alex Sargent/Investor Relations

+44 (0)20 3817 1534/1065

Kate O'Neill/Corporate Communications

+44 (0)20 3817 1196/1278

 

 

 

 

 

 

 

 

 

Powerscourt

Justin Griffiths

+44 (0)20 7549 0741

Matthew Attwood

+44 (0)20 3328 9383

 

           

 

LEI Number: 5493003DJ1G01IMQ7S28

 

 

Forward-looking statements

 

This announcement contains forward-looking statements with respect to the financial condition, results and business of the Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. Jupiter's actual results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.

 

 

 

Historic flow and AUM data by quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

Flows and AUM by quarter

 

 

 

 

 

 

 

 

 

 

 

 

Q1 2017

£m

Q2 2017

£m

Q3 2017

£m

Q4 2017

£m

Q1 2018

£m

Q2 2018

£m

Q3 2018

£m

Q4 2018

£m

 

 

Total

 

 

 

 

 

 


These articles are usually news summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.


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