Jupiter has today added to its European fund range with the launch of the Jupiter European Smaller Companies fund.

The newly-merged Premier Miton Group saw net outflows of £222m in its first quarter, figures for its first three months in business revealed today.

UK equity funds had their best month for net retail sales for six months but there was a trend towards lower volatility funds.

A Japanese fund - Legg Mason Japan Equity - has topped the best performing funds over the past decade but the best performers were a mixed bag with no single sector dominating.