Calastone: UK investors pour £2.66bn into equities for February
ESG funds bring in £1.54bn across markets
ESG funds bring in £1.54bn across markets
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Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
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Passive bonds attract £18.2bn
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Outflows increased by 36.3% compared to 2022
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Ends the year with £39.1bn assets under management
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AUMA has fallen by 12% over six months to the end of September
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But anticipates flows to turn positive in FY24 as a whole
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Unconstrained fixed income funds and UK and European equity strategies main culprits behind Q1 redemptions
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Investment Association data shows US equities witnessed net outflows of £1.6bn in Q1
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Asset manager ‘not immune to markets’
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Excluding Haywood’s fund range, net outflows were CHF 5.3bn
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Jupiter CEO Maarten Slendebroek reiterated that future flows will be “less predictable” as Jupiter diversifies its business away from the UK market, while addressing the firm’s other issues like its gender pay gap.
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