Jupiter Fund Management saw its assets under management rise to £44.1 billion (€51.3 billion) during the first quarter of the year, despite a continuation of outflows.
Investors pulled out a total of £481 million, yet overall AuM increased by £1.4 billion in the quarter. £1.9 billion was driven by market movements, according to the FTSE250 listed company.
Mutual funds saw a net outflow of £1 billion, half of which was related to “a client transferring to a segregated mandate within the value equities strategy”.
The majority of outflows were in European equities and the fund of funds.
Jupiter’s UK Dynamic Growth Fund closed the quarter making up £3.5 million of the overall net outflows.
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