Latest Share Chat

REMOVE ADS

Jupiter Fund Management Share News (JUP)

Jupiter Fund Management Information

Share Price Information for Jupiter Fund Management (JUP)

Share Price is delayed by 15 minutes

Get Live Data

166.60 -3.00 (-1.77%)

Bid:

166.20

Ask:

167.20

Spread: 1.00 (0.602%)

Market Cap: £826.21m

Last checked at -

Intraday Jupiter Fund Management Share Chart

REMOVE ADS

Jupiter Fund Reports Decrease In Assets Under Management In Quarter

Fri, 11th Oct 2019 08:38

(Alliance News) - Jupiter Fund Management PLC on Friday reported a quarter-on-quarter fall in assets under management due to a rise in outflows.

In the third quarter ended September 30, assets under management fell by 1.8% to GBP45.09 billion from GBP45.91 billion at the end of June, the equity and bond investor said. Year-on-year, the assets fell by 5.5% from GBP47.72 billion.

The fund management firm reported a 22% quarter-on-quarter rise in gross inflows to GBP4.01 billion from GBP3.28 billion but this was more than offset by growth in gross outflows which increased by 37% to GBP5.33 billion from GBP3.88 billion.

In mutual funds, assets under management declined in the quarter by 1.3% to GBP38.46 billion from GBP38.98 billion, while in segregated mandates the assets fell by 5.4% to GBP5.3 million from GBP5.6 million a year ago.

In investment trusts, however, the assets were broadly flat at GBP1.36 billion year-on-year.

Shares in Jupiter Fund Management were 0.3% lower at 317.10 pence each early on Friday in London.

By Eric Cunha; ericcunha@alliancenews.com