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.
The company even saw a small inflow of £55m into its mutual funds. Overall, however, segregated mandate and private client reductions left Jupiter with a net outflow of £113m during the period.
Subscribe to 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
-
Who is the richest person in the world?The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
