View more on these topics

Jupiter suffers net outflows as bond managers hit by mixed fortunes

Jupiter has taken a hit on outflows as bond managers continue to suffer mixed fortunes.

Jupiter saw net outflows of more than £800m in the three months to the end of September.

Mutual funds saw the greatest outflows at £773m – £600m of which came from the firm’s fixed income strategy – with segregated mandates down £62m. Investment trusts saw slight net inflows at £2m.

Total assets under management ticked down to £47.7bn.

However, Liontrust, which also released a trading update this morning, has pointed to “strong client demand” for the launch of funds by its new global fixed income team, which has amassed £300m across strategic bond, high yield bond and absolute return bond funds in its first five months.

Overall net inflows for the three months to the end of September were £403m, and overall AUM was £, up 15 per cent over the past six months.

However, the firm notes that “we are beginning to see a long-anticipated increase in volatility in global bond markets”.

Other managers to release results this morning include Polar Capital, which has seen AUM grow to £14.7bn from £12bn in the past six months.

Polar says it could be in line to pocket £27m in performance fees for the six months to September. It received a total of £15.3m in the year to March.

Meet the Polar managers: ‘When people are scared, you don’t need to buy the scary things’

The trading update reads: “There is no certainty that the fees will be sustained over the next quarter, as performance fee receipts are extremely volatile, but nevertheless the quantum of potential net performance fee receipts is a marked improvement on the position of 2017, which itself was a record year in terms of such performance fee profitability.”


Spotlight on charges 700x450.jpg

FCA drops contingent charging ban as transfer specialists forced to take investment exams

Pension transfer specialists will have to get the same qualifications as an investment adviser in addition to the existing specialist qualification, the FCA has ruled today. After months of consultation, the regulator has produced new rules and guidance aimed at improving defined benefit transfer advice. While it has stopped short of a contingent charging ban, […]


Lifetime allowance 2018/19 increase confirmed but pensions absent

The Government has confirmed that the lifetime allowance 2018/19 will rise in line with inflation, but savers have been offered little else in the Autumn Budget. The lifetime allowance will increase from £1m to £1,030,000 to match CPI from 2018/19.  Though the maximum amount the can be saved each year into a Junior Isa or […]

Hortense Bioy

Behind the numbers: How passive ESG funds really fare against their active rivals

A deeper look into how to make sustainable investing possible through the use of passive funds Sustainable investing has become a hot topic as more and more investors are looking to align their investments with their values. The market share of European equity funds that consider environmental, social and governance factors has almost doubled to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm