Million by million, Jupiter Fund Management (JUP) is edging towards an asset base worthy of its branding. Net inflows of £1.4bn in the first half, the majority coming in a strong first quarter, lifted assets under management to £34bn at the end of June, as investors sought European equity and strategic bond funds.
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In particular, the manager has benefited from the strong three-year performance of its European equity strategies, which has coincided with a rise in the popularity of the asset class among investors shying away from the volatility of emerging markets and the full valuation of US stocks. The group has also increased its global distribution network, which provided the majority of net flows into its mutual funds.