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Jupiter 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.