European Asset Managers: Q2:26 Fund Performance Tracker: JUP takes Top Spot for 2nd straight quarter

Research evidence excerpt

European Asset Managers: Q2:26 Fund Performance Tracker: JUP takes Top Spot for 2nd straight quarter

Global Research

29 July 2026ab

European Asset Managers Equities

Europe including UKQ2:26 Fund Performance Tracker: JUP takes Top

Spot for 2nd straight quarter Diversified Financial

Michael Werner

Analyst

michael.werner@ubs.com

JUP had the top fund performance at end of Jun-26 +44-20-7568 8086

At the end of Jun-26, JUP had the strongest fund performance track record (we Haley Tam

examined ABDN, AMUN, ASHM, DWS, JUP & MNG), followed by AMUN. For the first Analyst

time in 5 years, MNG (ranked 3rd) was outside the Top 2 rankings. At the other end, haley.tam@ubs.com

ASHM exhibited the weakest aggregate fund performance at the end of Q2:26. See +44-20-7567 6176

Figure 1JUPrankedthebestamongpersfortotalfundperformanceinQ2:26 for the high-level aggregate fund performance rankings and Figure 5TotalFundPerformanceScoreTimeSeries(2020-Jun2026)-JUPimprovestotakethetopranking Nasib Ahmed, FIA

for a time series. Analyst

nasib-za.ahmed@ubs.com

JUP also exhibited the strongest fund performance momentum +44-20-7568 8231

In terms of total fund performance momentum (i.e. the 12-month change in the key Amit Jagadeesh

fund performance metrics), JUP secured the top spot in Q2:26 - see Figure 11OverviewofFundPerformanceMomentum. Analyst

Meanwhile, MNG ranked lowest in the group for total fund performance momentum. amit.jagadeesh@ubs.com

+44-20-7567 9705

Fund performance is an important indicator of future fund flows

In the note (see Figure 18AverageCorelationsforEUAsetManagers(DWS,AMUN,ABDN,JUP&MNG)-Figure 23M&G–Corelationbetwenfundperformanceandforwardflows), we show the correlations between key fund

performance metrics and forward fund flows for each asset manager since 2010.