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

New thematic funds

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 ...