Jupiter Fund Management's net inflows rose by more than fivefold to reach £5.5 billion in 2017, helping drive assets under management (AUM) up 24.5% to £50.2 billion over the year.
This was a rise from £1 billion of inflows and a closing AUM of £40.5 billion in the previous year.
The group recorded £0.5 billion of net inflows in the fourth quarter, reporting that inflows into its absolute return, fixed income and multi-asset strategies partially offset outflows from its Merlin fund of funds range.
Jupiter said it had net inflows across all geographic regions, with Continental Europe the biggest contributor, while its segregate mandate pipeline saw ‘meaningful inflows during the quarter’.
Chief executive Maarten Slendebroek (pictured) said:‘This year has been one of consistent progress at Jupiter. Continued strong investment performance has enabled us to deliver positive returns after fees for clients. The successful continuation of our strategy of diversification produced total net inflows for the year of £5.5 billion, including £5.1 billion of net flows into our mutual funds across a range of investment strategies.
‘These positive flows, which are underpinned by our ability to deliver investment outperformance, have helped drive a 24% increase in AUM over the year to £50.2 billion at 31 December 2017.’
Chief executive Maarten Slendebroek (pictured) said: