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RNS Number : 3715D  Jupiter Fund Management PLC  15 October 2025

 

Jupiter Fund Management plc

Trading Update and Notice of Results

 

15 October 2025

 

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading
update in respect of the three months to 30 September 2025.

 

Key points

·      The positive momentum that we saw in the latter part of the first
half of 2025 continued into the third quarter

·      We generated net positive flows of £0.3bn in Q3, leading to
year-to-date net positive flows of £0.1bn. Ongoing strong performance,
underpinned by a marked improvement in retail and wholesale investor
sentiment, led to net inflows in this channel of £0.8bn in the third quarter

·      Assets under management (AUM) increased by 7% over the quarter to
£50.4bn

 

Trading update

 

Overall, we generated net inflows in the third quarter of £0.3bn. This
represents the second consecutive quarter of net inflows and results in net
positive flows year to date of £0.1bn. Along with positive market movements
of £3.0bn, this resulted in closing AUM of £50.4bn, a 7% increase over the
quarter and an 11% increase for the year to 30 September 2025.

 

The improvement in flows was driven by both an improvement in risk appetite
amongst clients in the Retail, wholesale and investment trusts channel and
ongoing strong investment performance across our differentiated capabilities,
partially offset by net outflows in the Institutional channel.

 

At our interim 2025 results, published in July, we stated that retail and
wholesale flows had improved month on month, turning positive in June. This
trend continued through the third quarter and we generated £0.8bn of net
inflows over the three-month period. This was driven by demand for UK
equities, Systematic equities and Global equities, most notably the Gold &
Silver fund.

 

Sentiment towards UK equities continued to improve throughout the period.
This, underpinned by strong performance across our investment strategies, saw
our differentiated UK equities capability generate net positive flows of
£0.5bn across both client channels, with net inflows across all of UK Growth,
UK Dynamic and UK Income strategies. These partly offset net outflows in Asian
and Emerging Market strategies and Fixed Income.

 

Systematic equities also continued to deliver strong performance, generating
net positive flows of £0.3bn in the quarter and finishing the period with AUM
of £13.6bn. The Global Equity Absolute Return fund saw £0.8bn of net inflows
and World Equity saw £0.2bn of positive flows, partially offset by a
portfolio rebalancing from a lower margin Institutional client from a
strongly-performing mandate.

 

There were total net outflows during the quarter of £0.5bn across the
Institutional client channel, with the rebalancing above partially offset by
client fundings into fixed income absolute return and UK equity strategies. As
previously stated, flows in the Institutional channel can be lumpy and
non-linear, but with overall growth expected over longer periods. Increasing
scale in the Institutional channel remains a core strategic focus, our
pipeline and client activity remain strong, and we would expect to build on
this momentum to drive growth in the medium term.

 

On a regional basis, we continued to see momentum from clients based in
continental Europe, where we saw net inflows during the quarter of £0.6bn. In
the UK, improved momentum through the first half resulted in positive net
inflows of £0.3bn in the third quarter, predominantly from retail clients
into UK equities and Systematic equities capabilities.

 

On 10 July 2025, we announced that we had reached agreement to acquire CCLA
Investment Management Limited (CCLA), the UK's largest asset manager focused
on serving non-profit organisations, subject to regulatory approvals. Ongoing
planning towards a carefully managed integration of CCLA has been positive and
we currently expect the acquisition to complete in the first quarter of 2026
based on the anticipated timing of required regulatory approvals.

 

 

Movement in AUM by client channel

 

     £bn                                        30 June  Q3 2025     Q3 2025          30 September 2025

2025

                                                         net flows   market returns

                                                                     and other
     Retail, wholesale & investment trusts      38.2     0.8         2.5              41.5
     Institutional                              8.9      (0.5)       0.5              8.9
     Total                                      47.1     0.3         3.0              50.4
     of which is invested in mutual funds       36.8     0.5         2.2              39.5

 

 

 

Notice of results

 

Jupiter will be issuing full year results for the year ending 31 December 2025
on 26 February 2026 and will host an analyst presentation to discuss the
results.

 

 For further information please contact:

                       Investors             Media
 Jupiter               Alex James            Victoria Howley

                       +44 (0)20 3817 1636   +44 (0)20 3817 1436

 Edelman Smithfield    Hastings Tarrant      Andrew Wilde

                       +44 (0)7813 407 665   +44 (0)7786 022 022

 

 

 

LEI Number: 5493003DJ1G01IMQ7S28

 

Forward-looking statements

 

This announcement may contain certain "forward-looking statements" with
respect to certain plans of Jupiter Fund Management plc (Jupiter) and its
current goals and expectations relating to its future financial condition,
performance, operations, results, business, strategy and objectives.
Statements containing the words "believes", "intends", "expects", "plans",
"seeks" and "anticipates", and words of similar meaning, are forward looking.

Forward-looking statements and forecasts are based on the Directors' current
view and information known to them at the date of this announcement. There are
a number of factors that could cause actual results or developments to differ
materially from those expressed or implied by forward-looking statements and
forecasts. By their nature, all forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances which are
beyond Jupiter's control including, among other things, UK domestic and global
economic and business conditions; market-related risks such as fluctuations in
interest rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities; the impact of
competition, inflation and deflation; the timing, impact and other
uncertainties of future acquisitions or combinations within relevant
industries; and the impact of changes in capital, solvency or accounting
standards, and tax and other legislation and regulations in the jurisdictions
in which Jupiter and its affiliates operate.

As a result, Jupiter's actual future financial condition, performance and
results may differ materially from the plans, goals and expectations set forth
in Jupiter's forward-looking statements. Jupiter undertakes no obligation to
update or revise any forward-looking statements contained in this presentation
or any other forward-looking statements it may make. Nothing in this
presentation should be construed as a profit forecast.

 

 

 Historic quarterly net flows and AUM

 

     Flows and AUM by quarter
                                                Q1 2024     Q2 2024     Q3 2024     Q4 2024     Q1 2025     Q2 2025     Q3 2025     Q4 2025

                                                £bn         £bn         £bn         £bn         £bn         £bn         £bn         £bn
     Total
     Opening AUM                                52.2        52.6        51.3        50.1        45.3        44.3        47.1
     Gross inflows                              3.7         3.8         3.9         2.7         3.7         3.7         4.3
     Gross outflows                             (5.3)       (5.6)       (5.5)       (8.0)       (4.2)       (3.4)       (4.0)
     Net flows                                  (1.6)       (1.8)       (1.6)       (5.3)       (0.5)       0.3         0.3
     Market returns                             2.0         0.5         0.4         0.5         (0.5)       2.5         3.0
     Closing AUM                                52.6        51.3        50.1        45.3        44.3        47.1        50.4

     Retail, wholesale & Investment trusts

     Opening AUM                                42.2        43.1        42.4        41.1        38.9        36.5        38.2
     Gross inflows                              3.5         2.9         3.4         2.1         2.4         2.9         3.5
     Gross outflows                             (4.3)       (3.9)       (5.1)       (4.4)       (3.9)       (3.2)       (2.7)
     Net flows                                  (0.8)       (1.0)       (1.7)       (2.3)       (1.5)       (0.3)       0.8
     Market returns                             1.7         0.3         0.4         0.1         (0.9)       2.0         2.5
     Closing AUM                                43.1        42.4        41.1        38.9        36.5        38.2        41.5

     Institutional

     Opening AUM                                10.0        9.5         8.9         9.0         6.4         7.8         8.9
     Gross inflows                              0.2         0.9         0.5         0.6         1.3         0.8         0.8
     Gross outflows                             (1.0)       (1.7)       (0.4)       (3.6)       (0.3)       (0.2)       (1.3)
     Net flows                                  (0.8)       (0.8)       0.1         (3.0)       1.0         0.6         (0.5)
     Market returns                             0.3         (0.2)       -           0.4         0.4         0.5         0.5
     Closing AUM                                9.5         8.9         9.0         6.4         7.8         8.9         8.9

 

 

 

 

 

 

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