TIDMJUP
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 GBP0.8bn.
-- AUM at 30 September 2018 was GBP47.7bn.
ASSETS UNDER MANAGEMENT AND FLOWS
30 June Market/FX 30 September
2018 Q3 net flows movement 2018
GBPm GBPm GBPm GBPm
==================== ======= ============ ========= ============
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 GBP47.7bn as a
result of GBP0.8bn net outflows, partly offset by positive
performance of GBP0.3bn.
Net mutual fund outflows were GBP0.8bn during the quarter,
GBP0.6bn 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 Investors Media
please contact:
Jupiter Alex Sargent/Investor Kate O'Neill/Corporate
Relations Communications
+44 (0)20 3817 1534/1065 +44 (0)20 3817 1196/1278
Powerscourt Justin Griffiths Matthew Attwood
+44 (0)20 7549 0741 +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 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4
GBPm GBPm GBPm GBPm GBPm GBPm GBPm 2018
GBPm
=========== =============== ======= ================ ======= ================== ======= ================== ====
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
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contact rns@lseg.com or visit www.rns.com.
END
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