Jupiter Fund Management is planning to launch two new funds in September, according to its chief executive Maarten Slendebroek.
‘We launched a number of products in the first half of the year and we are working on a number of products that we are very excited about,’ said Slendebroek (pictured).
The fund house also said it is planning a European equity product, but said it was uncertain when this would launch.
The portfolios will join a series of funds launched by Jupiter this year, including a UK version of its global value fund and its Merlin absolute return fund.
It also recently launched a global sustainable equities fund run by Abbie Llewellyn-Waters.
The news followed a challenging period at Jupiter, which experienced net outflows of £2.3 billion in the first six months of the year.
‘Compared to a year ago this new funds give us a lot more distribution points and access to more customers and the large majority of our managers are top quartile performers, but what I can’t control is the demand side,’ said Slendebroek.
He added: ‘Our funds that have over a £1 billion barrier are now a healthy mix of equity, bonds and absolute return funds. In very simple terms I want to make that list longer and provide diversity by strategy.’