TIDMJUP
RNS Number : 5474P
Jupiter Fund Management PLC
11 October 2019
Trading Update and Notice of Results
-------------------------------------
11 October 2019
Jupiter Fund Management plc ("Jupiter", the "Group") today
issues its trading update in respect of the three months to 30
September 2019.
HIGHLIGHTS
-- Net outflows in the quarter of GBP1.3bn.
-- AUM at 30 September 2019 of GBP45.1bn, a decrease of GBP0.8bn
in the quarter.
ASSETS UNDER MANAGEMENT AND FLOWS
30 June Market/FX 30 September
2019 Q3 net flows movement 2019
GBPm GBPm GBPm GBPm
==================== ======= ===================== ========= ============
Mutual funds 38,983 (956) 434 38,461
==================== ======= ===================== ========= ============
Segregated mandates 5,568 (348) 46 5,266
==================== ======= ===================== ========= ============
Investment trusts 1,357 (11) 16 1,362
==================== ======= ===================== ========= ============
Total 45,908 (1,315) 496 45,089
==================== ======= ===================== ========= ============
Net mutual fund outflows were GBP1.0bn during the quarter, of
which GBP1.1bn outflows were from our European Growth strategy,
principally within the UK and Continental Europe. Since our
announcement on 1 July 2019, Alexander Darwall has pursued his
intention to set up an independent firm and now intends to leave
Jupiter in mid-November. The transfer of management
responsibilities to Alexander's successors on the Jupiter European
Fund and Jupiter European Growth SICAV took place on 1 October
2019.
Segregated mandates saw GBP0.3bn net outflows during the
quarter. Within this, two clients withdrew assets totalling
GBP0.7bn and two new mandates were opened in the period totalling
GBP0.4bn.
The Flexible Macro (SICAV) and Global High Yield Short Duration
Bond (SICAV) funds were launched during the quarter, adding to our
Multi-Asset and Fixed Income strategies respectively.
NOTICE OF RESULTS
Jupiter will be issuing results for the year ending 31 December
2019 on 28 February 2020 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 Investors Media
please contact:
Jupiter Alex Sargent/Investor Despina Constantinides/Corporate
Relations Communications
+44 (0)20 3817 1534/1065 +44 (0)20 3817 1196/1278
Powerscourt Justin Griffiths
+44 (0)20 7324 0496
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.
Historic flow and AUM data by quarter
--------------------------------------
Flows and AUM by
quarter
====================== ================== ======= ======= ======= ======= ======= =======
Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019
GBPm GBPm GBPm GBPm GBPm GBPm GBPm
====================== ================== ======= ======= ======= ======= ======= =======
Total
====================== ================== ======= ======= ======= ======= ======= =======
Opening AUM 50,180 46,853 48,235 47,721 42,673 44,061 45,908
Gross inflows 3,224 3,154 2,760 2,784 3,259 3,280 4,014
Gross outflows (4,474) (4,171) (3,593) (4,310) (3,741) (3,883) (5,329)
Net flows (1,250) (1,017) (833) (1,526) (482) (603) (1,315)
Market / FX movements (2,077) 2,399 319 (3,522) 1,870 2,450 496
Closing AUM 46,853 48,235 47,721 42,673 44,061 45,908 45,089
Mutual funds
====================== ================== ======= ======= ======= ======= ======= =======
Opening AUM 43,745 41,072 41,998 41,473 36,940 37,473 38,983
Gross inflows 3,093 3,051 2,600 2,379 2,697 3,034 3,017
Gross outflows (4,022) (4,046) (3,373) (4,119) (3,688) (3,608) (3,973)
Net flows (929) (995) (773) (1,740) (991) (574) (956)
Market / FX movements (1,744) 1,921 248 (2,793) 1,524 2,084 434
Closing AUM 41,072 41,998 41,473 36,940 37,473 38,983 38,461
Segregated mandates
====================== ================== ======= ======= ======= ======= ======= =======
Opening AUM 5,208 4,614 4,961 4,901 4,577 5,348 5,568
Gross inflows 129 100 155 404 561 246 996
Gross outflows (435) (117) (217) (186) (48) (269) (1,344)
Net flows (306) (17) (62) 218 513 (23) (348)
Market / FX movements (288) 364 2 (542) 258 243 46
Closing AUM 4,614 4,961 4,901 4,577 5,348 5,568 5,266
Investment trusts
====================== ================== ======= ======= ======= ======= ======= =======
Opening AUM 1,227 1,167 1,276 1,347 1,156 1,240 1,357
Gross inflows 2 3 5 1 1 0 1
Gross outflows (17) (8) (3) (5) (5) (6) (12)
Net flows (15) (5) 2 (4) (4) (6) (11)
Market / FX movements (45) 114 69 (187) 88 123 16
Closing AUM 1,167 1,276 1,347 1,156 1,240 1,357 1,362
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END
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