The chief executive of Jupiter Asset Management said the firm's drive to diversify into fixed income and alternatives is proceeding apace, as he presented first-half results described by one analyst as a "solid performance against a difficult backdrop".

On July 27, Jupiter reported net inflows to its funds of £600 million during the first half of 2016, down from £1.4 billion during the same period a year ago. CEO Maarten Slendebroek said this was chiefly due to a downturn in sentiment among the firm's UK retail investors during June in the run-up to the EU referendum.