Jupiter Fund Management AUM falls in Q3 as investors ditch bonds
Source - SMW
Jupiter Fund Management reported Thursday a fall in assets under management in the third quarter of the year following outflows from the fixed income market.
For the three months to September 30, assets under management fell to £47.7bn, down from £48.2bn at the June end weighed down by net fund outflows of £0.8bn, compared with inflows of £1.34bn a year earlier.
The company's fixed income strategy, principally in Continental Europe, saw the bulk of net outflows of £0.6bn, though this was partly offset by positive performance of £0.3bn, Jupiter said.
As well as in its fixed income strategy, the company also saw outflows in its European opportunities and fund of funds strategies.