(Reuters) -British wealth manager Jupiter Fund Management reported that net inflows for the third quarter were unchanged from the previous three months, as improving sentiment in its retail channel was offset by outflows from institutional clients.
Jupiter and its peers have benefited from a change in investor sentiment after worries stemming from U.S. trade policies prompted investors to favour the London market over the U.S.
Jupiter CEO Matthew Beesley called the UK a safe haven for investors in July after some European bourses saw a burst of activity in recent months.
While the London-listed company said on Wednesday that the positive momentum seen in the first half of 2025 continued into the third quarter, its institutional channel lagged and incurred 500 million pounds ($668.10 million) of outflows in the period due to portfolio rebalancing by a lower-margin client.
The company reported net inflows of 300 million pounds for the quarter ended September 30, same as that at the end of the previous quarter, while managed assets rose 7% to 50.4 billion pounds.
($1 = 0.7486 pounds)
($1 = 0.7484 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
