The wealth manager said mutual funds saw total net outflows of £848m due to continued lower demand for European-focused equities. It was partially offset by positive net inflows from fixed income.
Shares in Jupiter fell 0.9 per cent in early trading.
Assets under management (AUM) inched higher to £58.79bn in the first three months of the year, up from £58.73bn at the end of the previous quarter.
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Other wealth managers have fared marginally better than Jupiter as the vaccine rollout triggered optimism in markets.
Last week
Jupiter’s overall performance was a marked improvement on the same period last year which saw net outflows of £2.3bn when markets were rocked by the onset of coronavirus.
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The fund manager has been boosted by its defensive acquisition of
After scrapping it in 2019, in February Jupiter reinstated a special dividend of
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