Jupiter revamps charging structure as it suffers £1bn net outflows

New thematic funds

clock • 3 min read

Jupiter Fund Management has suffered £1bn in net outflows since the start of the year, all of which came in the third quarter, according to its latest trading update, as retail, wholesale and investment trust investors pulled their cash.

Inflows into Asian income and Japanese equities were "not enough" to offset outflows from unconstrained fixed income and UK and European equities, Jupiter said in a stock exchange update. The outflows in the three months to September were "broadly consistent" with both the first half of 2023 and wider market trends, it added, with "ongoing macroeconomic uncertainty" weighing on retail demand. Jupiter AM's CEO and investment chiefs on share price woes, active management and the rebirth of absolute return Jupiter finished the period with retail, wholesale and investment trust assets ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Trio of fixed income funds awarded RSMR rating

Trio of fixed income funds awarded RSMR rating

Royal London, Dodge & Cox and L&G

Cristian Angeloni
clock 07 November 2024 • 2 min read
Trio of Fidelity International funds fail value assessment due to underperformance

Trio of Fidelity International funds fail value assessment due to underperformance

Board reviewing potential actions

Valeria Martinez
clock 05 November 2024 • 2 min read
Singular BlackRock fund fails to deliver value across active arsenal

Singular BlackRock fund fails to deliver value across active arsenal

BlackRock Market Advantage fund

Cristian Angeloni
clock 05 November 2024 • 1 min read
Trustpilot