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Jupiter Fund Management PLC - London-based investment manager - Assets under management stand at GBP55.3 billion at the end of March, down from GBP60.5 billion at the end of December. Firm says this GBP5.2 billion decrease was driven by negative market returns of GBP3.6 billion and net outflows of GBP1.6 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;Â lucyheming@alliancenews.com
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