Jupiter falls as clients pull £1.6bn in Q1
By Frank Prenesti
Date: Tuesday 23 Apr 2024
(Sharecast News) - Jupiter Fund Management shares fell on Tuesday as the investment firm saw net outflows of £1.6bn during the first quarter.
It also reported a rise in group assets under management (AUM) in the first quarter to £52.6bn, driven by positive market movements of £2bn. Shares in the firm were down 6% in late London trade.
The AUM figure compares with £52.2bn in the three months to December. Net outflows were spilt equally between each of the retail, wholesale & investment trusts and institutional channels, Jupiter said on Tuesday.
Reporting by Frank Prenesti for Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN