Wealth manager Jupiter reports net outflows of 776 million pounds in first qtr By Reuters

(Reuters) – British firm Jupiter Fund Management Plc (LON:JUP) said on Tuesday it recorded net outflows of 776 million pounds ($1.09 billion) in the first quarter, mainly due to lower client demand for UK and Europe-focused equity strategies.

Total assets under management (AUM) inched up to 58.79 billion pounds by March 31 from 58.73 billion pounds as at Dec. 31.

($1 = 0.7144 pounds)