Jupiter Fund Management said strong demand for its European equities strategies and Ariel Bezalel's Dynamic Bond fund helped inflows hold up in Q3, when global markets were hit by August's 'Black Monday' sell-off.
Net mutual fund inflows were £196m for the three months to the end of September, although negative market movements of £719m pulled down assets under management in this part of the business from £29.7bn to £29.2bn over the period. Flows were significantly lower than in previous quarters, with £883m reported in Q1 2015, and £471m in Q2. However, this reflects the recent period of turbulence for stockmarkets, as fears over slowing growth in China prompted a global sell-off. Overall, Jupiter's net inflows for the quarter were £77m, which the group said were held back by "top-slicing on...
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