Jupiter sees continued inflows to institutional arm in Q1 despite retail woes

In a trading update today (25 April), the firm revealed that AUM had increased by £600m in Q1 to £50.8bn, largely due to positive market movement of £1.5bn. This was supported by £100m in net flows from institutional clients, which was offset by £1bn in outflows from retail, wholesale and investment trusts. Jupiter scraps IA benchmarks from Merlin range Jupiter revealed that it has now seen outflows from its retail, wholesale and investment trusts divisions across the last five quarters, despite market returns picking up over the last two quarters. In contrast, institutional...