Jupiter net retail flows jump to £210m in Q2

Maintaining its interim dividend at 2.5p per share, the group said flows into its Merlin fund range, Strategic Bond and Global Convertibles funds had helped drive net mutual fund flows to £210m in the second quarter, up from £55m in Q1. Private client inflows rose by £37m in the first half, driven by a £103m uplift in Q2 from new charity business. Net flows across the business fell by £189m in the second quarter and £302m in the first half as a whole, however, due to the previously-notified loss of lower margin segregated mandate business. Jupiter's net revenue for the first half s...