23rd Apr 2024 09:15
Jupiter Fund Management PLC - London-based "high-conviction" active asset manager - Assets under management edge up 0.8% to GBP52.6 billion as of March 31 from GBP52.2 billion on December 31. While Jupiter suffers GBP1.6 billion in net outflows in the first quarter, market returns are positive GBP2.0 billion. Jupiter also notes it had underlying net inflows of GBP300 million when excluding outflows related to the Value team and Chrysalis Investment Trust. Total net outflows of GBP1.6 billion in the first quarter of 2024 compare to outflows of GBP1.2 billion in the fourth quarter of 2023 and GBP1.0 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%
By Tom Waite, Alliance News editor
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