Jupiter Fund Management (JUP) came through a turbulent 2016 in pretty good shape. While net inflows at £1bn were down from a year earlier, this was a creditable performance considering that many other active managers suffered outflows.
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New investors were attracted by an increased product range, which included Jupiter Asian Income Fund - the UK's most successful fund launch in 2016. The Absolute Return fund relaunch coincided with an increased flow of assets into this fund, and an open-ended SICAV (Société d’investissement à Capital Variable) version of the fund was also launched.