Jupiter suffers £3.8bn of net outflows in 2021

Andrew Formica (pictured), 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 management business experienced £4bn of outflows. The company noted that strong investment performance in rising markets enabled it to benefit from market returns in excess of these flows, at £5.6bn. As at 3...