Miton Group PLC (LON:MGR), the AIM quoted fund management group, today announced that the Group has continued to experience positive net inflows in the second half of the financial year. The unaudited Assets under Management (“AuM”) as at 31 October 2017 were £3,635 million and average AuM for the first 10 months of the calendar year were £3,287 million.
The Board remains optimistic about the prospects for the Group and profits for the full year are expected to exceed current market expectations.
Miton Group PLC (referred to as the “Company” or “Group”), is an equity and multi-asset fund management specialist. As at 31 August 2017 the Group managed £3,490 million of assets including nine OEICs, two unit trusts and four investment trusts under the Miton brand.
Gresham House Strategic PLC (LON:GHS) has a 2.5% ownership of Miton Group PLC, correct as of 31 October 2017 month end NAV announcement, released 31 October 2017.