Jupiter Fund Management: Trading Update and Notice of Results

Jupiter Fund Management plc

15 October 2026

Jupiter Fund Management plc ("Jupiter", the "Group") today issues its trading update in respect of the three months to 30 September 2026.

Key points:

·      The positive momentum in client demand seen in the first half of the year continued into the third quarter, alongside ongoing strong investment performance.

·      We generated net positive flows of £0.7bn in the third quarter, bringing year-to-date net positive flows to £1.4bn.

·      These flows, alongside strong investment performance and market returns, contributed to a 3% increase in assets under management (AUM) over the quarter to a record £75.9bn, with pre-existing Jupiter AUM also reaching a record £61.7bn.

·      The Retail, wholesale and investment trust channel generated £1.0bn of net inflows, marking its fifth consecutive positive quarter, with signs of broadening client demand across our product offering.

We are pleased to report another period of positive net client flows, with the momentum established in the first half of the year continuing into the third quarter.

Overall, we generated net positive flows of £0.7bn in the third quarter, bringing year-to-date net positive flows to £1.4bn. Net inflows of £1.0bn and £0.2bn into the Retail, wholesale & investment trust channel and the Institutional channel respectively were partly offset by £0.5bn of net outflows in the CCLA client channel. Ongoing strong investment performance and market returns, alongside these flows, led to a 3% increase in AUM over the quarter to a record £75.9bn, with pre-existing Jupiter AUM also reaching a record £61.7bn.

The positive momentum we saw in retail client demand since May 2025 continued into the third quarter of 2026, generating £1.0bn and taking year-to-date net inflows through this channel to £2.5bn. This marked the channel's fifth consecutive quarter of net inflows.

The Institutional channel returned to net inflows of £0.2bn in the third quarter, driven by demand for our European equities capability from clients in Latin America and into Systematic equities from a European client. We continue to see strong client engagement in this channel, supported by our differentiated range of investment capabilities.

Systematic equities continued to deliver strong performance for our clients and was again a key contributor to net inflows, generating £1.7bn in the third quarter. The European equities capability was also net positive in the quarter. We continued to see broader demand across our product offering, particularly from retail clients, with positive flows into the Gold & Silver, Monthly Income Bond and UK Dynamic Equity funds.

On a regional basis, we continued to see momentum from clients across continental Europe, generating £1.0bn of net inflows in the quarter. We also saw £0.3bn of net inflows from Latin America, leading to a 10% increase in AUM in the region during the quarter.

CCLA saw £0.5bn of net outflows during the quarter. Following a period of weaker investment performance, the CCLA investment team has continued to make changes to the investment process and strengthen collaboration across the wider Group. We are now seeing early signs of improvement, with a number of CCLA funds outperforming relevant comparators over shorter periods. The CCLA integration process is progressing well and we will provide a further update at the full year.

We are encouraged that the positive client momentum has continued into the final quarter of the year to date.

Movement in AUM by client channel

1.      Of which £4.6bn is in MMFs

2.      Includes AUM movements of MMFs

3.      Of which £4.6bn is in MMFs

Notice of results

Jupiter will be issuing full year results for the year ending 31 December 2026 on 25 February 2027 and will host an analyst presentation to discuss the results.

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 announcement or any other forward-looking statements it may make. Nothing in this announcement should be construed as a profit forecast.

Historic quarterly net flows and AUM

1.      Inclusive of money market fund flows