Jupiter Q1 AUM dips as retail clients pull £1.9bn

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 wholesale channel, resulting in total net outflows of £1.9bn. In a trading update, the fund manager said that amid the risk-off environment across fixed income and equities, there was continued lower demand for UK and European-focused ...