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Pin to quick picksJupiter Fund Management Share News (JUP)

Share Price Information for Jupiter Fund Management (JUP)

London Stock Exchange
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Share Price: 271.40
Bid: 271.60
Ask: 272.20
Change: 0.00 (0.00%)
Spread: 0.60 (0.22%)
Open: 271.60
High: 275.60
Low: 270.20
Yest. Close: 270.40
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Jupiter Fund Management posts 42% jump in Q3 AuM

Fri, 16th Oct 2020 07:14

(Sharecast News) - Jupiter Fund Management saw its assets under management jump by 42% in the third quarter to reach £55.7bn, although the increase was entirely due to the consolidation of assets from recently acquired Merian.

Net outflows for the three months to 30 September meanwhile printed at £953m, partly offset by £0.8bn of market returns. Nevertheless, Jupiter branded products did see net inflows of £56m, even if market returns on this side of the business amounted to just £74m.

The bulk of the outflows at Merian originated from its Systematic strategy funds, which saw £0.4bn walk out the door, while the Global Equity Absolute Return fund saw outflows of £0.2bn.

-- More to follow --

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