Jupiter Fund Management has reported a decline in assets under management (AUM) during the first quarter, as net outflows from its retail and wholesale channel hit £1.9bn amid “worsening geopolitical events and inflationary concerns”.
AUM finished the first three months of 2022 at £55.3bn, down from £60.5bn at the end of 2021. Jupiter attributed the £5.2bn decrease to negative market returns of £3.6bn and total net outflows of £1.6bn. During the first quarter, UK inflation soared and Russia invaded Ukraine, both of which "weighed upon client demand", particularly in the retail and wholesale channel, resulting in total net outflows of £1.9bn. Jupiter appoints new lead emerging market fund manager In a trading update, the fund manager said that amid the risk-off environment across fixed income and equities, the...
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