Jupiter haemorrhages £800m as investors snub UK and EU equities
Jupiter haemorrhages £800m as investors snub UK and EU equities Main culprit of net outflows in 2020 Merian Gear returns to positive flows in Q1 Jupiter Asset Management has continued haemorrhaging cash in the first quarter as investors snubbed its UK and European equity strategies. Assets under management edged up to £58.8bn in the three months to 31 March, only slightly higher than the £58.7bn AUM recorded in December 2020. Jupiter’s acquisition of Merian added £16.6bn of assets to its total pot in 2020 but also resulted in the FTSE 250 manager delivering another year of outflows as i...