Jupiter Fund Management has started to benefit from the big share price rises seen in the first three months of this year, although the investment firm still saw net outflows in the first quarter.
Assets under management ("AUM") increased from £22.81bn at the end of last year to £24.2bn by the end of March on the back of big rises in equity values.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The market liked what it saw, with Jupiter shares gaining 1.25% by 08:46. Over the last 12 months the stock is still down 16.5%.
BS
-
Could your family be at risk of an unexpected tax bill? How to keep your loved ones in the loopMany families are out of the loop when it comes to planning the financial aspects of both retirement and inheritance
-
Rightmove: Glut of homes for sale in southern England drives asking price dropAsking prices are 0.1% lower than a year ago, according to the property website, driven by challenges in affordability-stretched London and the south
