Share Name Share Symbol Market Type Share ISIN Share Description
Jupiter Fund Management Plc LSE:JUP London Ordinary Share GB00B53P2009 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 359.20 358.80 359.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 460.5 179.2 31.8 11.3 1,644

Jupiter Fund Management PLC Trading Update and Notice of Results

11/10/2019 7:00am

UK Regulatory (RNS & others)


Jupiter Fund Management (LSE:JUP)
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2 Months : From Sep 2019 to Nov 2019

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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 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 11, 2019 02:00 ET (06:00 GMT)

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