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Jupiter AUM up

26 July 2017 08:16

Jupiter Fund Management's assets under management rose to £46.9bn in the six months to the end of June - up from £40.5bn at the end of December and £37.0bn a year ago.

Jupiter said it saw strong flow growth from its core mutual fund franchise, with net mutual fund inflows of £3.4bn.

It said that 81% of assets under management performing above median after all fees.

First half profit before tax increased by 8% to £93.9m and underlying earnings per share increased by 16% to 16.7p (basic earnings per share up 10% to 16.8p).

Net management fees rose 19% to £186.5m and the interim dividend of 6.8p per share was up 51%.

Chief executive Maarten Slendebroek said: "Jupiter has made significant progress in the first half of 2017 with healthy net inflows and continued strong investment outperformance after all fees underlining the ongoing success of our diversification strategy.

"Our culture of accountability, high performance and independent thinking gives us confidence in our ability to continue creating value for clients, growing AUM and delivering progressive returns for our shareholders over the cycle."

At 8:16am: (LON:JUP) Jupiter Fund Management plc share price was -13.75p at 523.75p

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