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Jupiter Fund Management Q4 AUM Rises

Jupiter Fund Management Plc. (JUP.L) Wednesday reported that its fourth-quarter assets under management or AUM increased to 31.90 billion pounds from last year's 31.66 billion pounds.

Net mutual fund inflows were 309 million pounds in the three months, compared to 458 million pounds a year ago.

Cumulative net mutual fund inflows were 1.4 billion pounds in the year 2014, an organic growth rate of 6 percent on opening assets.

Chief Executive Maarten Slendebroek said, "Our core mutual fund franchise again delivered healthy net inflows this quarter, resulting in cumulative net inflows of £1.4bn across the year, an underlying organic growth rate of 6 percent. 2014 saw encouraging progress with the continuing diversification of our product and distribution capabilities and, together with the well-executed sale of our private client operations, Jupiter is well placed to deliver profitable growth at attractive margins."

Jupiter will issue results for the year on February 26.

Looking ahead, the company said that it is confident of continuing to deliver profitable growth at attractive margins.

In London, Jupiter Fund shares were trading at 345 pence, down 0.09 percent.

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