Jupiter Fund Management has reported net positive client flows of £700m in the third quarter ended 30 September, bringing year-to-date net inflows to £1.4bn.
The increase in net inflows, combined with investment performance, raised Jupiter’s total assets under management by 3% over the quarter to a record £75.9bn.
Growth was driven primarily by the retail, wholesale and investment trust channel, which attracted £1bn in net inflows. This marked the division’s fifth consecutive quarter of positive flows, taking its year-to-date total to £2.5bn.
Demand was also led by systematic equities, which generated £1.7bn in net inflows during the period, alongside positive momentum in European equities, precious metals and UK dynamic equity strategies.
The institutional division generated net inflows of £200m, boosted by European equity allocations from Latin American clients and institutional allocations to systematic equities.
Regional expansion across continental Europe likewise contributed £1bn in net inflows, while Latin American inflows grew assets under management in that market by 10%.
According to the firm, these gains were partially offset by £500m in net outflows from the CCLA mandate following recent weaker investment performance. Jupiter’s management revealed in its trading update that adjustments to the CCLA investment framework and integration processes are progressing as planned.
Max Harper, analyst at Third Bridge, told Venture and Equity: “Jupiter appears to be back on track following net inflows of £700m in Q3, helping offset £800m of outflows in Q2. This brings the total year-to-date 2026 inflows to £1.4bn, potentially marking a turn of fortune for Jupiter, reversing seven years of outflows between 2018 and 2024.
“Overall, our experts believe Jupiter is turning a corner, but has its challenges, with scale posing the biggest hurdle to success. Recent consolidation in the sector could make Jupiter an attractive target for a larger asset manager, looking to gain a UK presence, particularly post Nuveen’s acquisition of Schroders.”
