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Jupiter Fund Management PLC - London-based investment manager - Assets under management stand at £55.3 billion at the end of March, down from £60.5 billion at the end of December. Firm says this £5.2 billion decrease was driven by negative market returns of £3.6 billion and net outflows of £1.6 billion. ‘Worsening geopolitical events and inflationary concerns weighed upon client demand throughout the quarter, particularly in the Retail & wholesale channel. As a result, we saw a 'risk off' environment across both equities and fixed income,’ firm says.
Current stock price: 186.49 pence, down 4.3% on Tuesday
12-month change: down 28%
By Lucy Heming; lucyheming@alliancenews.com
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