Jupiter Fund Management (GB:JUP) has released an update.
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Jupiter Fund Management has reported an increase in assets under management (AUM) to £52.6 billion for the first quarter of 2024, attributed to £2.0 billion in positive market movements. Despite this growth, the company experienced net outflows of £1.6 billion, which were offset by underlying net inflows of £0.3 billion after adjusting for specific outflows related to the Value team and the Chrysalis Investment Trust. The firm remains resilient in a tough market for active asset managers, showing a capability to attract capital in a challenging environment.
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