Plus   Neg

Jupiter Fund Management Q3 AUM Drops - Quick Facts

Jupiter Fund Management Plc. (JUP.L) reported Friday that its third-quarter assets under management or AUM was 45.09 billion pounds, down from last year's 47.72 billion pounds. Sequentially, AUM dropped 0.8 billion pounds from 45.91 billion pounds in the second quarter.

In its trading update for the three months to September 30, the company reported net outflows of 1.32 billion pounds, compared to 833 million pounds last year. In the second quarter, net inflows were 603 million pounds.

The company noted that net mutual fund outflows were 1.0 billion pounds during the quarter. Of this, 1.1 billion pounds outflows were from European Growth strategy, principally within the UK and Continental Europe.

Jupiter will issue fiscal 2019 results on February 28, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
Follow RTT