Jupiter Fund Management Plc (GB:JUP) has released an update.
Jupiter Fund Management Plc experienced a total net outflow of £1.6bn in Q3 2024, contributing to year-to-date outflows of £5.0bn and a decrease in assets under management to £50.1bn. Despite the general outflow, the company saw marginally positive underlying net inflows driven by strong demand in Asian and EM equities, and it announced an acquisition aimed at growing its institutional client base and expanding its Global Emerging Markets capabilities. This mixed performance comes amidst a broader context of challenging client sentiment and strategic adjustments.
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