Jupiter Fund Management has reported its fifth consecutive year of net outflows as the London-listed company took a hit from falling markets and weak investor sentiment.
The FTSE 250 company said total net outflows amounted to £3.5bn in 2022, although it noted that there had been a turnround in the second half of the year.
The net outflows and market declines pushed assets under management down 17 per cent over the period to £50.2bn. Profit before tax dropped 68 per cent to £58mn.
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