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Fund manager Jupiter saw assets under management rise 8% in the first half of the year, driven by gains from investment performance and market movements.
For the six months ended 30 June, assets under management rose 8% to £45.9bn from £42.7bn reported in Q1, mostly driven by £4.3bn of gains from investment performance and market movements, the company said.
Mutual fund outflows were £1.6bn, less than outflows of £2.3bn seen last year.
Profit before tax decreased by 16% to £81.4m, with net management fees down 8% to £182.9m.
The Interim dividend per share stable of 7.9p was unchanged from last year.
'Our Dynamic Bond fund returned to positive flows, but net outflows continued across other asset classes, with the majority of outflows in our European Equities products, which were impacted by the announcement of a change in fund manager during the period, ' the company said.
'We anticipate continued progression on cost reduction, but not at the expense of investment, which could ultimately deliver higher returns to our shareholders,' it added.
At 8:43am: (LON:JUP) Jupiter Fund Management plc share price was +0.55p at 381.15p