Jupiter Fund Management PLC (LSE:JUP) saw another substantial chunk of money pulled from its products in the last three months.
Outflows totalled £1.6 billion in the quarter to 30 September, making £5 billion in the year to date so far.
Total assets under management (AUM) at the end of the period dropped to £50.1 billion from £51.3 billion at the end of June.
Excluding its Value team and a management change at Chrysalis Investment Trust, Jupiter said total underlying net outflows in the first nine months were £200 million.
Value team outflows were £1.1 billion net with £4.9 billion of AUM remaining and £2.3 billion in segregated mandates.
Jupiter added that it expects that most, if not all, of these segregated mandates will be redeemed by year-end.
On a positive note, Jupiter said it saw £400 million of inflows into its Indian equities products where total AUM now stands at £2.9 billion.
Total AUM in Jupiter’s Asian and emerging market (EM) equities capability also increased from £6.2 billion to £6.9 billion.
Jupiter added that the recent acquisition of £0.8 billion of AUM from Origin would further increase its scale in global emerging markets.