Following a number of firms this week, listed Jupiter Fund Management released a trading update which revealed the firm’s assets under management (AUM) had increased by £400 million in the three months to 30 September.

Since 30 December until the end of the reporting period, AUM increased by a more impressive £2 billion but in the quarter itself outflows partially offset the £1 billion gained by positive market movements.

However, outflows from Jupiter products were also slightly offset by inflows in to the firms’ fixed income funds as well as its global sustainable equities range which saw £100 million of net new money.

The firm was still in the red though due to outflows of £569 million which Jupiter attributes to net redemptions from mutual funds and continued weaker client demand for UK and European equity strategies.

The Merlin range also saw outflows predominantly the North American equity fund and a reversal of flows into the Global Equity Absolute Return fund.

The firm announced that it will releasing the full results for the year to 30 December 2021 on 22 February