Jupiter Fund Management (JUP) Q1 2026 TU earnings summary

Executive summary

• Total assets under management (AUM) rose 27% since year end, reaching £68.4bn at 31 March 2026, driven by the CCLA acquisition and positive net inflows, despite market volatility from geopolitical events.

• The CCLA Investment Management acquisition completed on 2 February 2026, adding £15bn AUM.

• Net inflows for the quarter totaled £1.5bn, with Retail & Wholesale and Institutional channels contributing £1.7bn, partly offset by small outflows in CCLA strategies (excluding MMFs).

Financial highlights

• Group AUM increased by £14.4bn over the quarter, closing at a record £68.4bn.

• Retail & Wholesale net inflows were £1.4bn; Institutional net inflows were £0.3bn, both showing ongoing momentum.

• CCLA strategies (excluding MMFs) saw small net outflows of £0.2bn in the first quarter.

• Market returns and other factors negatively impacted AUM by £2.1bn in Q1 2026.

Outlook and guidance

• Management notes uncertainty in client risk appetite due to recent geopolitical events, but remains confident in the diversified investment capabilities and future opportunities.

• Interim results for the period to 30 June 2026 will be released on 23 July 2026.