Impax AUM rises 4.6% despite £988m Q1 outflow
Ends the year with £39.1bn assets under management
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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Jupiter has posted net outflows of £1.3bn over the first quarter, exceeding analysts’ already bearish predictions.
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Polar Capital continued to feel the sting of outflows from four of its major strategies, resulting in its third consecutive year of net negative flows.
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Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
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In August, $51bn left the mainland, according to Standard Chartered estimates, as authorities increased support for the mainland currency, which is under devaluation pressure.
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