Jupiter Fund Management today announced a record level of funds under management.

Assets rose to £33.1bn (up from £29bn) in the six months ended 30 June, 2014.

Pre-tax profits were down to £48.4m (£59.1m), but this was due to a prior year inclusion of £6.7m gain on the sale of their Cofunds stake. Underlying EPS was up 4% to 12.9p (12.4p).

 
 

The record level of assets benefitted from net mutual fund inflows of £875m.

It also confirmed that the sale of its private client and charity operations to Rathbone Investment Management, first announced on 1 April, was on schedule for completion within Q3 2014.

Chief Executive Officer Maarten Slendebroek said about the results: “We are pleased with the progress being made on the implementation of our growth strategy during the first half of 2014. The Board’s intention to increase cash returns to shareholders through a combination of ordinary and special dividends reflects this progress and confidence in our future growth potential. We believe this approach will allow shareholders to participate in our organic growth story while receiving an attractive yield.”

 
 

As for the future, Slendebroek said: “We believe our chosen savings markets offer the prospect of significant long-term growth. As we extend our relationships with key distributors on a global basis, we are confident we can continue to deliver profitable growth at attractive margins and, within our sustainable balance sheet structure, share the rewards of this growth with our investors.”

Share this article

Related articles

How could Iran’s attack on Israel affect markets?

How could Iran’s attack on Israel affect markets?

Analysis from John Plassard, senior investment specialist at Mirabaud Group, into how Saturday night's attack by Iran on Israel might affect markets particularly with regards to possible further escalation of this increasingly dangerous situation within the Middle...

How secure is Fixed Income in 2024?

How secure is Fixed Income in 2024?

Global fixed income markets have seen significant movements and developments in recent times, influenced by various factors including global economic conditions, policy changes, economic indicators, geopolitical tensions, and market sentiment. With the rise in...

Robeco will launch transition investing strategies

Robeco will launch transition investing strategies

Robeco will launch a range of transition investing strategies across several asset classes in the coming months. To transform global emerging economies to net zero by 2050, an estimated USD 125 trillion is needed. Acknowledging the significance of transition finance,...

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x