(Finance) – Jupiter Fund Managementan investment house specializing in active management and high conviction strategies, recorded net outflows in Q3 2024 of £1.6 billionresulting in total net outflows of £5.0 billion year-to-date. However, he generated marginally positive net inflows in the quarter on an underlying basisi.e. excluding flows relating to the Value team or the change of management of Chrysalis Investment Trust. Total underlying net outflows for the first nine months of the year were just over £200 million. Assets under management (AUM) fell to £50.1 billion.
On an underlying basis, slightly positive net inflows in the third quarter were driven by strongly performing capacities in areas of strong customer demand. Asian and emerging stocks were particularly in focus. THE Indian equity products they recorded a further £0.4bn of net inflows in Q3 and total AUM stands at £2.9bn. Even the Asian Income strategies they recorded over £0.2 billion in net inflows. Total AUM in Asian and EM equity capacity increased from £6.2 billion to £6.9 billion.
Jupiter recently announced that it had achieved a agreement to acquire the team and approximately £0.8 billion of AUM from Origin Asset Managementsubject to customary approvals and consents. These assets predominantly come from institutional clients, a key strategic growth area for the company.
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