Money manager Jupiter sees $780m of outflows

LONDON: Jupiter Fund Management saw outflows of 569 million pounds ($778 million) in the three months ended September, it said, as investors redeemed mutual funds and shunned British and European equity products. London-based Jupiter has seen shares slide this year after clients pulled out money in the first half of the year, despite a good year for the wider industry.

Outflows were partially offset by 300 million pounds of inflows into its fixed income strategies, Jupiter said.