Jupiter Fund Management PLC

Earnings Release • Apr 30, 2019

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RNS Number : 4619X

Jupiter Fund Management PLC

30 April 2019

Jupiter Fund Management Plc

Trading Update and Notice of Results

30 April 2019

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading update in respect of the three months to 31 March 2019.

HIGHLIGHTS

§  Net outflows in the quarter of £0.5bn.

§  AUM at 31 March 2019 of £44.1bn, an increase of £1.4bn in the quarter of which £1.9bn was driven by market movements.

ASSETS UNDER MANAGEMENT AND FLOWS

		31 December  2018 £m	Q1 net flows                          £m	Market/FX movement £m	31 March  2019 £m
	Mutual funds	36,940	(991)	1,524	37,473
	Segregated mandates	4,577	513	258	5,348
	Investment trusts	1,156	(4)	88	1,240
	Total	42,673	(482)	1,870	44,061

Net mutual fund outflows were £1.0bn during the quarter, of which £0.5bn related to a client transferring to a segregated mandate within the Value Equities strategy. The remaining £0.5bn outflow was predominantly from our European Opportunities and Fund of Funds strategies, principally within the UK.

The UK Dynamic Growth (SICAV) Fund was closed in the quarter contributing £3.5m to net outflows. 

NOTICE OF RESULTS

Jupiter will be issuing results for the period ended 30 June 2019 on 30 July 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 0999

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.

	Flows and AUM by quarter
		Q1 2018 £m	Q2 2018 £m	Q3 2018 £m	Q4 2018 £m	Q1 2019 £m	Q2 2019 £m	Q3 2019 £m	Q4 2019 £m
	Total
	Opening AUM	50,180	46,853	48,235	47,721	42,673
	Gross inflows	3,224	3,154	2,760	2,784	3,259
	Gross outflows	(4,474)	(4,171)	(3,593)	(4,310)	(3,741)
	Net flows	(1,250)	(1,017)	(833)	(1,526)	(482)
	Market / FX movements	(2,077)	2,399	319	(3,522)	1,870
	Closing AUM	46,853	48,235	47,721	42,673	44,061
	Mutual funds
	Opening AUM	43,745	41,072	41,998	41,473	36,940
	Gross inflows	3,093	3,051	2,600	2,379	2,697
	Gross outflows	(4,022)	(4,046)	(3,373)	(4,119)	(3,688)
	Net flows	(929)	(995)	(773)	(1,740)	(991)
	Market / FX movements	(1,744)	1,921	248	(2,793)	1,524
	Closing AUM	41,072	41,998	41,473	36,940	37,473
	Segregated mandates
	Opening AUM	5,208	4,614	4,961	4,901	4,577
	Gross inflows	129	100	155	404	561
	Gross outflows	(435)	(117)	(217)	(186)	(48)
	Net flows	(306)	(17)	(62)	218	513
	Market / FX movements	(288)	364	2	(542)	258
	Closing AUM	4,614	4,961	4,901	4,577	5,348
	Investment trusts
	Opening AUM	1,227	1,167	1,276	1,347	1,156
	Gross inflows	2	3	5	1	1
	Gross outflows	(17)	(8)	(3)	(5)	(5)
	Net flows	(15)	(5)	2	(4)	(4)
	Market / FX movements	(45)	114	69	(187)	88
	Closing AUM	1,167	1,276	1,347	1,156	1,240

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