Jupiter suffers £3.8bn of net outflows in 2021 despite AUM increase

Strategies with weaker client demand

Kathleen Gallagher
clock • 2 min read

Jupiter saw £3.8bn of outflows in 2021, the first full-year results since its acquisition of Merian, however its assets under management increased 3% to reach a record year-end level of £60.5bn.

Andrew Formica, chief executive of Jupiter, said it was "disappointing" to report net outflows. "These remain focused in strategies in which there is ongoing weaker client demand across the market, such as UK and European equities, and within areas with more structural issues," he said in a stock exchange statement. Net outflows were down from 2020, when the asset management business experienced £4bn of outflows. AllianzGI calls for UK and EU large caps to link pay to ESG The company noted that strong investment performance in rising markets enabled it to benefit from market ret...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Maven Renovar VCT tug of war continues as board warns off requisition

Maven Renovar VCT tug of war continues as board warns off requisition

'Poor performance' stated as reason

Patrick Brusnahan
clock 10 July 2025 • 2 min read
Jupiter Fund Management agrees to take over CCLA for £100m

Jupiter Fund Management agrees to take over CCLA for £100m

Takeover expected before end of 2025

Sorin Dojan
clock 10 July 2025 • 2 min read
Monzo fined £21m by FCA for failings in financial crime controls

Monzo fined £21m by FCA for failings in financial crime controls

Around 34,000 high-risk clients onboarded

Linus Uhlig
clock 08 July 2025 • 2 min read
Trustpilot