Investment manager Jupiter has reported £1.9bn of net outflows from retail investors in the first quarter of the year.
In a trading update Jupiter, attributed the outflows to lower demand for UK and European equity products and inflationary concerns leading to redemptions from its unconstrained fixed income strategies.
Retail assets under management for the fund manager dropped to £49.3bn (31 December 2021: £54.2bn).
Total assets under management at the end of the quarter were £55.3bn, a decrease of £3.6bn due to negative market returns of £3.6bn and overall net outflows of £1.6bn.
Net outflows from retail clients were partially offset by net inflows of over £0.2bn from institutional clients.
Across both client channels, Jupiter’s sustainability-labelled range saw £200m in net inflows.
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