Premier Miton Group AuM reached an all-time high ending the Period at £13.6 billion

Premier Miton Group plc (LON:PMI) has provided an update on its unaudited statement of Assets under Management for the third quarter of its current financial year.

·   Closing AuM of £13.6 billion at 30 June 2021 (31 March 2021: £12.6 billion)

·   Net inflows of £351 million during the Quarter

·   Financial year to date net inflows of £710 million (9 months to 30 June 2020: £615 million net outflow)

Mike O’Shea, Chief Executive Officer, commented:

“It is pleasing to report a third successive quarter of positive net fund flow. The Group’s AuM reached an all-time high ending the Period at £13.6 billion representing an increase of 28% from the position at 30 September 2020.

Since the beginning of the financial year, we have seen strong flows into our European and US equity funds. This has continued during the Quarter. In addition, we continue to see good flows into our top performing UK equity fund range. Our UK Multi Cap Income, UK Value Opportunities, UK Growth and UK Ethical funds all saw net inflows during the Period. I am also pleased to report that it was a good Quarter for our Diversified multi-asset fund range and for the fixed income bond funds. 

During the Quarter, we completed the successful launch of the Premier Miton European Sustainable Leaders Fund. The fund is managed by the highly-regarded investment team of Carlos Moreno and Thomas Brown and has attracted good investor interest since launch with AuM at the Period end of £60 million.

Finally, we will be adding to our suite of income funds with the planned launch of a new European equity income fund in September 2021. Will James, who joined the Group on 1 June 2021 from Aberdeen Standard Investments, will manage the new fund. We continue to believe that income will be a key demand pool over the years ahead and this new fund will further increase the choice that we are able to offer investors in this important area of the market.

The Group now has a well-diversified portfolio of actively managed and strong performing funds capable of delivering attractive returns for investors. We have a strong business platform capable of managing significantly higher levels of AuM. As a result, I believe that the Group remains well placed for this financial year and the years ahead.”

Assets under Management:

OpeningAuM1 Oct 2020£m Quarter 1 net flows£m Quarter 2 net flows£m Quarter 3 net flows£m Year to date net flows1£mMarket / investment performance£mClosingAuM30 Jun20211£m
 Equity funds5,4041964254051,0261,4947,924
Multi-asset funds4,119(384)(243)(80)(707)5683,980
Fixed income funds48631(11)(7)1319518
Investment trusts599(17)(1)2(16)202785
Segregated mandates340233139411405
 Total10,6081661933517102,29413,612

1 AuM and net flows are presented after the removal of AuM invested in other funds managed by the Group, at the Period end these totalled £144 million.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    X
    LinkedIn

    More articles like this

    Premier Miton Group plc

    Premier Miton acquires leading UK equity boutique, Tellworth

    Premier Miton Group plc (LON:PMI) has announced the acquisition of Tellworth Investments LLP, a leading UK equity boutique with assets under management of £559m as at 30th September 2023. Tellworth, which offers both long/short and long only strategies to

    Premier Miton Gervais Williams: Outlook for equities in 2022

    Premier Miton Group plc (LON:PMI) is a genuinely active investment manager offering a range of funds and investment trusts, as well as a portfolio management service, covering equity, fixed income, multi asset and absolute return investment

    Premier Miton Group AuM grows by 31% to £13.9 billion

    Premier Miton Group plc (LON:PMI) has provided an update on its unaudited statement of Assets under Management for the fourth quarter of its financial year. ·   £13.9 billion closing AuM at 30 September 2021 (30 September 2020:

    Premier Miton Investors on positive economic momentum and sustainable investing (LON:PMI)

    Premier Miton’s Gervais Williams discusses the positive economic momentum, how the increase in tax on dividends will effect investors, sustainable investing, portfolio clients that are investing heavily in green technologies and for real world change and companies investors should be looking at in terms of growth opportunities in this exclusive interview with DirectorsTalk.

    Premier Miton Group £12.6 billion closing AuM

    Premier Miton Group plc (LON:PMI), the AIM quoted fund management group, has announced its half year results for the six months ended 31 March 2021. Highlights · £12.6 billion closing Assets under Management 4 (‘AuM’) (2020

    Premier Miton Group AuM grew by 19% to £12.6 billion

    Premier Miton Group plc (LON:PMI) has provided an update on its unaudited statement of Assets under Management for the second quarter of its current financial year. ·   Closing AuM of £12.6 billion at 31 March 2021 (31 December