Investec has upgraded Jupiter Fund Management’s rating to ‘Buy’ after the asset manager said last week it is looking to implement £15m in annualised savings by no later than the end of 2026.
In a stock exchange notice on 22 May, Jupiter also said the group's assets under management (AUM) reached over £45bn as of 20 May, up from £44.3bn at the end of Q1 2025. "Net flows since the end of the first quarter have been broadly flat, with rebuilding of momentum in the institutional channel," Jupiter stated at the time. Jupiter suffers £1bn outflows with analysts divided on outlook On Thursday (29 May), Investec said the AUM update is "encouraging" and called the cost cuts "attractive". It added that while it keeps "a relatively cautious view on retail flows", the South Afr...
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