Trading Update and Notice of Results

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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.
 
END
 
 
TSTSEMFMUFUSESL
UK 100