Jupiter Fund Management
5.9% forward dividend yield
Given the bloodbath on world equity markets in the third quarter, with the FTSE 100 index, for example, off by 7 per cent during the period, the performance off Jupiter Asset Management was not that bad. Unlike Aberdeen Asset Management, say, Jupiter is not that exposed to emerging markets.
Of the £30-odd billion of funds under management, about a third ended the quarter in positive territory. Setting aside market movements, the only significant outflow was in segregated mandates, where the company manages funds on behalf of individual clients rather than for a range of them. This was a consequence of its own success, the funds having done sufficiently well that those clients decided to take some profits and