Jupiter hit by £225m outflow in Q4

Jupiter Fund Management reported "modest" net outflows of £225m for the fourth quarter of 2011 as a combination of flagging investor confidence and the loss of a segregated mandate impacted flows.

The firm said redemptions from a segregated mandate from an institutional client was the main driver behind the outflow, while poor investor sentiment also weighed on sales. This is the first time the group has posted outflows on a quarterly basis since Jupiter floated on the stock exchange in June 2010. Mutual funds reported outflows of £93m during the quarter as the impact of the eurozone crisis continued to affect demand for equities. However, despite the final-quarter outflows, the group saw overall net inflows of £746m for the full year to end of December. The group's AUM f...