Jupiter suffers £3.8bn of net outflows in 2021 despite AUM increase

clock • 2 min read

Jupiter saw £3.8bn of outflows in 2021, the first full-year results since its acquisition of Merian, however its assets under management increased 3% to reach a record year-end level of £60.5bn. Andrew Formica, pictured above, chief executive of Jupiter, said it was "disappointing" to report net outflows. "These remain focused in strategies in which there is ongoing weaker client demand across the market, such as UK and European equities, and within areas with more structural issues," he said in a stock exchange statement. Net outflows were down from 2020, when the asset managemen...

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