Brooks Macdonald suffers Q1 net outflows
But anticipates flows to turn positive in FY24 as a whole
Outflows
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Jupiter shares slide as retail arm hit by £1.9bn outflows
Unconstrained fixed income funds and UK and European equity strategies main culprits behind Q1 redemptions
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Investors cling to US ‘comfort blanket’ despite equity outflows
Investment Association data shows US equities witnessed net outflows of £1.6bn in Q1
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Premier suffers first quarter of outflows in six years
Asset manager ‘not immune to markets’
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Gam AUM shrivels by 20% following Haywood saga
Excluding Haywood’s fund range, net outflows were CHF 5.3bn
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Jupiter’s Slendebroek confronts outflows and gender pay gap
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 outflows exceed analyst estimates
Jupiter has posted net outflows of £1.3bn over the first quarter, exceeding analysts’ already bearish predictions.
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Polar Capital laments third consecutive year of outflows
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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Bond fund losses continue for Franklin Templeton
Three Franklin Templeton bond funds suffered more than €800m (£683m) outflows in January, according to Morningstar data.
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China’s capital outflows increase for fourth straight month
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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IA stats show £1bn UK outflows in July
The latest statistics from the Investment Association showed net outflows of £1bn from United Kingdom funds in July, during the aftermath of the vote to leave the European Union.
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Allianz AM profits slump as outflows continue
The asset management division of Allianz saw operating profit fall 16% to 675m for the second quarter of 2014, on the back of continued third party net outflows of 17.2bn.