Wealth manager Jupiter reports net outflows of 776 mln pounds in first qtr

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April 20 (Reuters) – British firm Jupiter Fund Management Plc 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) (Reporting by Muvija M in Bengaluru; Editing by Rashmi Aich)

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