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magazineJupiter tops the list of worst share performance of UK-quoted asset managers
Jupiter Fund Management’s (JUP) share price is down 28.2% since the start of the year to 453.6p.
This is in stark contrast to many of its quoted peer group. For example, Miton (MGR:AIM) has seen its shares appreciate by 26.8% to 48p year-to-date. Liontrust (LIO) is up by 19.2% in value over the same period.
Jupiter suffered a £3.3bn decline in assets under management in the three months to 31 March 2018. It was particularly hurt by clients taking money out of its Dynamic Bond fund.
Shares in the largest UK-listed asset manager Standard Life Aberdeen (SLA) are down 16.1% since the start of the year; and Schroders (SDR) is down 7%.
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