Struggling fund manager Jupiter saw underlying profits fall 7% to £97.5m in 2024, down from £105.2m the previous year, as net outflows soared to £10.3bn, up from £2.2bn.

Jupiter has launched an active exchange traded fund (EFT) for global government bonds in partnership with ETF specialist HANetf.

Jupiter Fund Management saw £1.6bn in net outflows for the quarter ended 30 September, taking total net outflows for the year to date past the £5bn mark.