Jupiter AUM up at £50.2bn

Jupiter Fund Management's assets under management rose to £50.2bn at the end of December - 24% up on a year ago.

Jupiter has net inflows of £0.6bn in the three months to the end of December, resulting in a total £5.5bn of net inflows in the year to 31 Dec (2016: £1.0bn).

Chief executive Maarten Slendebroek said: 'This year has been one of consistent progress at Jupiter.

'Continued strong investment performance has enabled us to deliver positive returns after fees for clients.

'The successful continuation of our strategy of diversification produced total net inflows for the year of £5.5bn, including £5.1bn of net flows into our mutual funds across a range of investment strategies.

'These positive flows, which are underpinned by our ability to deliver investment outperformance, have helped drive a 24% increase in AUM over the year to £50.2bn at 31 December 2017.' At 9:31am: (LON:JUP) Jupiter Fund Management plc share price was -12.8p at 592.2p