Jupiter Fund Management PLC - London-based ‘high-conviction’ active asset manager - Assets under management edge up 0.8% to £52.6 billion as of March 31 from £52.2 billion on December 31. While Jupiter suffers £1.6 billion in net outflows in the first quarter, market returns are positive £2.0 billion. Jupiter also notes it had underlying net inflows of £300 million when excluding outflows related to the Value team and Chrysalis Investment Trust. Total net outflows of £1.6 billion in the first quarter of 2024 compare to outflows of £1.2 billion in the fourth quarter of 2023 and £1.0 billion in the third quarter. Jupiter will release is half-year results to June 30 on July 26.

Current stock price: 80.40 pence, down 0.7% in London on Tuesday

12-month change: down 39%

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