Trading Update and Notice of Results

26 April 2017

Jupiter Fund Management plc ('Jupiter', the 'Group') today issues its trading update in respect of the three months to 31 March 2017.

HIGHLIGHTS

§ Net mutual fund inflows of £1.4bn in the quarter, with overall net inflows of £1.3bn.

§ Total AUM increased 7.4% to £43.5bn at 31 March 2017.

Maarten Slendebroek, Chief Executive, commented:

'We are pleased to report a strong start to 2017, driven by our mutual fund franchise which saw net inflows of £1.4bn. The continued strategy to diversify our business by product, client type and geography and delivery of strong investment performance after fees across a broad range of strategies has resulted in good inflows both internationally and within the UK.'

ASSETS UNDER MANAGEMENT AND FLOWS

31 December

2016

£m

Q1 net flows

£m

Market/FX movement

£m

31 March

2017

£m

Mutual funds

35,216

1,402

1,368

37,986

Segregated mandates

4,244

(93)

243

4,394

Investment trusts

1,083

(3)

73

1,153

Total

40,543

1,306

1,684

43,533

Total AUM increased across all channels during the quarter as a result of positive investment returns and healthy mutual funds inflows.

Net mutual fund inflows were £1.4bn during the first quarter, with significant flows into our Fixed Income, Absolute Return, Multi Asset and Global Emerging Market strategies. Inflows have been particularly strong in Asia and continental Europe, including positive contributions from our recently opened offices in Italy and Spain. Healthy net inflows, investment performance and currency effects led to mutual fund AUM increasing to £38.0bn as at 31 March 2017, an increase of 7.9% in the quarter.

NOTICE OF RESULTS

Jupiter will be issuing results for the period ended 30 June 2017 on 26 July 2017 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.

SUMMARY & OUTLOOK

Net inflows, underpinned by the delivery of strong investment outperformance after all fees to investors, affirm the confidence we have in our diversification strategy offering potential for further long-term growth. We continue to invest in maintaining our scalable operating model, leaving us well placed to deliver growth and to continue sharing the rewards of that growth with our stakeholders.

For further information please contact:

Investors

Media

Jupiter

Alex Sargent/Investor Relations

+44 (0)20 3817 1534/1065

Alicia Wyllie

+44 (0)20 3817 1638

FTI Consulting

Tom Blackwell

+44 (0)20 3727 1051

Andrew Walton

+44 (0)20 3727 1514

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 2016

£m

Q2 2016

£m

Q3 2016

£m

Q4 2016

£m

Q1 2017

£m

Q2 2017

£m

Q3 2017

£m

Q4 2017

£m

Total

Opening AUM

35,674

36,181

37,023

40,356

40,543

Gross inflows

2,798

2,290

2,911

2,603

3,981

Gross outflows

(2,075)

(2,382)

(2,122)

(2,976)

(2,675)

Net flows

723

(92)

789

(373)

1,306

Market / FX movements

(216)

934

2,544

560

1,684

Closing AUM

36,181

37,023

40,356

40,543

43,533

Mutual funds

Opening AUM

31,170

31,418

32,268

35,153

35,216

Gross inflows

2,473

2,241

2,769

2,527

3,864

Gross outflows

(2,030)

(2,237)

(2,002)

(2,882)

(2,462)

Net flows

443

4

767

(355)

1,402

Market / FX movements

(195)

846

2,118

418

1,368

Closing AUM

31,418

32,268

35,153

35,216

37,986

Segregated mandates

Opening AUM

3,527

3,775

3,754

4,136

4,244

Gross inflows

314

48

142

76

117

Gross outflows

(40)

(133)

(111)

(89)

(210)

Net flows

274

(85)

31

(13)

(93)

Market / FX movements

(26)

64

351

121

243

Closing AUM

3,775

3,754

4,136

4,244

4,394

Investment trusts

Opening AUM

977

988

1,001

1,067

1,083

Gross inflows

11

1

-

-

-

Gross outflows

(5)

(12)

(9)

(5)

(3)

Net flows

6

(11)

(9)

(5)

(3)

Market / FX movements

5

24

75

21

73

Closing AUM

988

1,001

1,067

1,083

1,153

Jupiter Fund Management plc published this content on 26 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 06:24:14 UTC.

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