Assets of money managers Jupiter, St. James's Place fall amid US tariff woes
Jupiter Fund Management estimated its assets to have fallen to 43 billion pounds ($57.09 billion) as of April 22 from 44.3 billion pounds in the first quarter ended March 31.
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"After the period end, we have seen elevated market volatility across asset classes as a result of trade policies," Jupiter said in a statement, adding that this will have a bearing on client risk appetite.
While St James's Place did not disclose an April estimate, its assets had dropped to 188.59 billion pounds at the end of the March quarter from the 190.2 billion reported in December-end, hurt by a decline in global markets.
($1 = 0.7532 pounds)
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