UK asset manager Jupiter, which this morning beat analyst expectations with its first-half figures, will open a new sales office in Hong Kong this year as part of global expansion plans, according to its chief executive.

Jupiter reported that assets under management increased to £23.4bn from £22.8bn in the six months between December 31 to June 30. The asset manager attributed the growth to "overseas equity assets and growth in the fixed income range," as well as investment outperformance.