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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

London pushed out of top five wealthiest cities as millionaires exit

London pushed out of top five wealthiest cities as millionaires exit

Comes as Labour cracks down on non-doms

Sahar Nazir
clock 09 April 2025 • 1 min read
BoE governor assures chancellor that UK markets 'are functioning effectively'

BoE governor assures chancellor that UK markets 'are functioning effectively'

Banking system 'resilient'

Linus Uhlig
clock 09 April 2025 • 2 min read
Gilt yields increase as part of sell-off of government debt

Gilt yields increase as part of sell-off of government debt

Investor unloading of US Treasuries drags government borrowing costs higher globally

Jonathan Stapleton
clock 09 April 2025 • 1 min read