Jupiter's AUM drops by 19% as investors pull £3.6bn and performance declines

‘Disappointing’ results, says Formica

Valeria Martinez
clock • 3 min read

Jupiter's AUM fell by 19% over the first half of 2022 to £48.8bn amid net outflows of £3.6bn and declining markets, a result CEO Andrew Formica described as “disappointing”.

According to its half-yearly results, the group did experience gross inflows worth £6.9bn but this was not enough to overturn the aforementioned flood of outflows.   Alongside net outflows, a general market decline brought the firm's AUM down from £60.5bn at 31 December 2021 to £48.8bn at the end of June. Much of this decrease came late in the period, with market declines totalling £3bn June alone. "The first half of 2022 has been particularly challenging for both the industry and Jupiter, as the continued impact of the coronavirus pandemic, the war in Ukraine, and rising inflation ha...

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