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Jupiter within touching distance of £30bn after Q3 inflows
by Dylan Lobo on Oct 17, 2013 at 08:05
Jupiter Fund Management registered a £278 million inflow during the third quarter, which left assets under management on the verge of breaking through the £30 billion barrier.
The firm has seen consistent inflows over the year, with inflows of £209 million in both the first and second quarters. This amounts to cumulative flows of £704 million for the nine months to the end of September.
Strong inflows, along with positive market movements, helped to drive assets under management up from £29 billion at the end of June to £29.9 billion at the end of September.
Elsewhere, the group's private client business recorded an inflow of £15 million over the period to lift assets under management to £2.2 billion.
The firm, led by chief executive Edward Bonham Carter (pictured), is confident about its prospects.
'Consistent levels of client activity and improving market sentiment has affirmed our belief in the long-term growth prospects for the savings market,' Jupiter told the market.
'As we build out relationships with key distributors on a global basis, we are confident we can continue to deliver profitable growth at attractive margins and, within our sustainable balance sheet structure, to share the rewards of this growth with our investors.'
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