Jupiter Fund Management Q3 AuM Declines; Stock Down

Jupiter Fund Management plc (JUP.L) reported Thursday that its third-quarter assets under management or AUM was 47.7 billion pounds, down from 48.43 billion pounds at the end of last year’s third quarter.

AUM decreased from 48.24 billion pounds at the end of June, as a result of 833 million pounds net outflows, partly offset by positive performance of 0.3 billion pounds.

Net mutual fund outflows were 0.8 billion pounds during the quarter, 0.6 billion pounds of which were from Fixed Income strategy, principally in Continental Europe.

The company also saw negative flows in European Opportunities and Fund of Funds strategies, partially offset by positive flows in European Growth, Value Equities and Absolute Return strategies.

Jupiter said it will issue results for the period ended December 31 on March 1, 2019.

In London, Jupiter shares were trading at 363.31 pence, down 3.68 percent.

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