Jupiter Asset Management said it had seen positive fund flows through its offices in Spain and Italy, which the London-based firm opened last year.
Overall net mutual fund flows for the firm were £1.4 billion (€1.7 billion) during the first quarter, the company reported this morning.
Jupiter said inflows had been particularly strong in Asia and continental Europe, “including positive contributions from our recently opened offices in Italy and Spain”.
Significant flows were reported for fixed income, absolute return, multi-asset and global emerging market strategies, and overall assets under management increased by about £3 billion to £43.5 billion during the quarter.
Inflows, together with investment performance and currency effects led to mutual fund assets under management increasing to £38 billion at the end of the quarter, an increase of 7.9%.
Segregated mandates saw outflows of £93 million.
Maarten Slendebroek, chief executive, said: “We are pleased to report a strong start to 2017, driven by our mutual fund franchise which saw net inflows of £1.4 billion. 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.”
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