Jupiter Fund Management PLC

Quarterly Report • Oct 11, 2018

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RNS Number : 6564D

Jupiter Fund Management PLC

11 October 2018

Jupiter Fund Management plc

Trading Update and Notice of Results

11 October 2018

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading update in respect of the three months to 30 September 2018.

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
	Opening AUM	40,543	43,533	46,907	48,431	50,180	46,853	48,235
	Gross inflows	3,981	4,799	3,801	3,880	3,224	3,154	2,760
	Gross outflows	(2,675)	(2,540)	(2,458)	(3,310)	(4,474)	(4,171)	(3,593)
	Net flows	1,306	2,259	1,343	570	(1,250)	(1,017)	(833)
	Market / FX movements	1,684	1,115	181	1,179	(2,077)	2,399	319
	Closing AUM	43,533	46,907	48,431	50,180	46,853	48,235	47,721
	Mutual funds
	Opening AUM	35,216	37,986	40,930	42,319	43,745	41,072	41,998
	Gross inflows	3,864	4,410	3,656	3,624	3,093	3,051	2,600
	Gross outflows	(2,462)	(2,415)	(2,411)	(3,166)	(4,022)	(4,046)	(3,373)
	Net flows	1,402	1,995	1,245	458	(929)	(995)	(773)
	Market / FX movements	1,368	949	144	968	(1,744)	1,921	248
	Closing AUM	37,986	40,930	42,319	43,745	41,072	41,998	41,473
	Segregated mandates
	Opening AUM	4,244	4,394	4,708	4,896	5,208	4,614	4,961
	Gross inflows	117	308	142	231	129	100	155
	Gross outflows	(210)	(119)	(31)	(74)	(435)	(117)	(217)
	Net flows	(93)	189	111	157	(306)	(17)	(62)
	Market / FX movements	243	125	77	155	(288)	364	2
	Closing AUM	4,394	4,708	4,896	5,208	4,614	4,961	4,901
	Investment trusts
	Opening AUM	1,083	1,153	1,269	1,216	1,227	1,167	1,276
	Gross inflows	-	81	3	25	2	3	5
	Gross outflows	(3)	(6)	(16)	(70)	(17)	(8)	(3)
	Net flows	(3)	75	(13)	(45)	(15)	(5)	2
	Market / FX movements	73	41	(40)	56	(45)	114	69
	Closing AUM	1,153	1,269	1,216	1,227	1,167	1,276	1,347

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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