Jupiter Fund Management posts small increase in Q1 AuM

Jupiter Fund Management reported only a small increase in assets under management during the latest quarter, as investors shifted from UK and European stocks to fixed income strategies.

The fund manager posted a 0.1% increase in its assets under management for the three months ending on 31 March to reach £58.79bn.

However, positive market returns of £837m accounted for all of the increase, offset by £776m of net outflows due to continued lower client demand for UK and European equity strategies.

Mutual funds recorded £848m of outflows alongside a £149m decline in segregated mandates. Going the other way, investment trusts sported net inflows of £221m.