The Jupiter Fund Management Board has proposed a final ordinary dividend of 2.2p, taking total full-year dividends to 5.4p. We have also announced a proposed share buyback programme of up to 3% of issued share capital and their intention to redeem £50m of subordinated debt.
Other financial highlights include:
Despite ongoing industry challenges, they have delivered a resilient set of financial results with underlying profit before tax of £97.5m (2023: £105.2m).
They also made significant strategic progress to better position us for growth over the medium term.
There were total net outflows of £10.3bn (2023: net outflows of £2.2bn). Total underlying net outflows of £3.3bn, almost all of which came through in the final quarter of the year. Underlying flows exclude the impact of outflows from strategies formerly managed by the Value team and the change in management of Chrysalis Investment Trust.
Assets under management (AUM) decreased 13% to £45.3bn (31 December 2023: £52.2bn).
Statutory profit before tax was £88.3m (2023: £9.4m).
