- Jupiter Fund Management
- 23 July 2026 09:28:56
Source: Sharecast
In the six months to the end of June, Jupiter generated net inflows of £0.7bn, supported by "exceptionally strong" gross inflows of £10.8bn. It said the turnaround in momentum in the retail, wholesale and investment trust channel continued, with £1.5bn of net inflows over the period.
Underlying pre-tax profit was up 67% at £50.7m while assets under management grew to £73.7bn from £47.1bn in the same period a year earlier. Net revenue increased 39% to £213.3m.
The company said that while the geopolitical challenges in the second quarter created significant market volatility and impacted client sentiment, the greater effect on the net flow picture was the redemption of two segregated mandates, one in the retail & wholesale client channel and one in the institutional client channel. Neither of these were related to investment performance.
Chief executive Matthew Beesley said: "Jupiter has had a strong first half of 2026, building on the momentum across the business. We have again delivered positive net flows, investment performance remains strong and most of our key financial metrics have materially improved.
"We have delivered another positive six-month period of net inflows, with gross inflows more than 45% higher than the same period last year, despite a more challenging geopolitical environment in the second quarter. Investment performance, which remains a prerequisite for sustained client flows, remained strong with 77% of pre-existing Jupiter mutual fund AUM outperforming their peer group median over a three year period."
Beesley said the integration of UK asset manager CCLA - which it bought last year - is proceeding well and it has made "material" progress on identifying and realising cost synergies.
"Throughout our business, we are building scale in a diversified and profitable way which gives us confidence in our continued growth across our client channels and in achieving our medium term cost:income target of 70%," Beesley added.
At 0926 BST, the shares were up 1.6% at 160.80p.
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