Jupiter Fund Management: Steady Growth Amidst Outflows

Jupiter Fund Management Plc (GB:JUP) has released an update.

Jupiter Fund Management Plc reported a steady financial performance for the first half of 2024, with a modest increase in underlying profit before tax of 3% to £47.9m and a reduction in operating costs by 2%. Despite net outflows of £3.4bn, primarily due to changes in the Value equity team and management of the Chrysalis Investment Trust, retail client demand led to a significant rise in gross flows to £7.5bn. The company remains cautiously optimistic about the future, particularly in the UK market, and has announced an ordinary dividend of 3.2p per share.

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