Jupiter’s assets hit record despite outflows from ‘ethical’ fund

By the Editorial Team · Friday, October 16, 2026

Jupiter Asset Management reported a 3% increase in assets under management to £75.9 billion, driven by strong net inflows from retail, institutional, and systematic equity clients despite outflows from its recently acquired ethical investment firm, CCLA. The company is addressing weaker performance at CCLA with strategic adjustments and collaboration, while analysts caution that outflows may persist amid concentrated reliance on certain funds.

Jupiter Asset Management has reported a record level of assets under management despite experiencing outflows from a recently acquired ethical investment firm. The London-listed asset manager’s assets reached £75.9 billion, a 3 percent increase, driven by net inflows of £700 million in the third quarter and £1.4 billion for the year to date.

The firm saw continued growth from retail savers, professional intermediaries, and investment trusts, which collectively contributed £1 billion in net inflows during the recent quarter. This marked the fifth consecutive quarter of expansion from these client segments. Institutional clients, including pension funds and insurance companies, added £200 million in net inflows, with demand for European stocks notably coming from Latin American investors. Jupiter’s systematic equities division, which utilizes quantitative models and statistical data for investment decisions, generated net inflows of £1.7 billion.

Jupiter’s acquisition earlier this year of CCLA, an investment manager specializing in funds for non-profit organizations, coincided with £500 million in net outflows in the quarter. In response, Jupiter acknowledged a period of weaker investment performance at CCLA but noted ongoing adjustments to investment strategies and enhanced collaboration with the wider group. The company indicated some early signs of recovery, with multiple CCLA funds performing well relative to benchmarks over shorter timeframes.

Market analysts pointed to potential challenges following the acquisition, suggesting that outflows from CCLA could continue given the firm’s recent track record, despite indications of improved short-term results. Gross inflows into Jupiter during the quarter stood at £4.6 billion but were offset by £3.9 billion in gross outflows.

Analysts also highlighted Jupiter’s reliance on its Global Equity Absolute Return fund, known as the Gear fund, which employs both long and short stock positions to achieve market-neutral returns. The Gear fund, domiciled in Ireland, accounted for approximately £1.2 billion of the net inflows. A higher-leverage counterpart, Gearx, operates out of the Cayman Islands. This concentration was noted as a potential risk, although inflows into a broader range of funds showed some signs of improvement.

Overall, Jupiter’s performance reflects robust demand across multiple client types and investment strategies, despite headwinds in certain divisions following recent acquisitions.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.