Jupiter Q1 AUM dips as retail clients pull £1.9bn

Jupiter Fund Management has reported a decline in assets under management (AUM) during the first quarter, as net outflows from its retail and wholesale channel hit £1.9bn amid "worsening geopolitical events and inflationary concerns". AUM finished the first three months of 2022 at £55.3bn, down from £60.5bn at the end of 2021. Jupiter attributed the £5.2bn decrease to negative market returns of £3.6bn and total net outflows of £1.6bn. During the first quarter, UK inflation soared and Russia invaded Ukraine, both of which "weighed upon client demand", particularly in the retail and ...