Jupiter Q1 AUM dips as retail clients pull £1.9bn

Negative market returns and net outflows

clock • 1 min read

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. In a trading update, the fund manager said that amid the risk-off environment across fixed income and equities, there was continued lower demand for UK and European-focused ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Investors take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read