Q3 AuM update

Premier Miton

09/07/2021 07:00

RNS Number : 6856E

Premier Miton Group PLC

09 July 2021

 

9 July 2021

 

Premier Miton Group plc

('Premier Miton', the 'Group' or the 'Company')

Q3 AuM update

 

Premier Miton AuM increases to £13.6 billion with third successive quarter of positive net fund flow

 

Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited statement of Assets under Management ('AuM') for the third quarter of its current financial year (the 'Quarter' or 'Period').

 

·   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:

Opening
AuM
1 Oct 2020
£m
Quarter 1
net flows
£m
Quarter 2
net flows
£m
Quarter 3
net flows
£m
Year to date
net flows1
£m
Market / investment performance
£m
Closing
AuM
30 Jun
20211
£m
Equity funds
5,404
196
425
405
1,026
1,494
7,924
Multi-asset funds
4,119
(384)
(243)
(80)
(707)
568
3,980
Fixed income funds
486
31
(11)
(7)
13
19
518
Investment trusts
599
(17)
(1)
2
(16)
202
785
Segregated mandates
-
340
23
31
394
11
405
Total
10,608
166
193
351
710
2,294
13,612


 

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.

ENDS

For further information, please contact:

 

Premier Miton Group plc
Mike O'Shea, Chief Executive Officer
01483 306 090
Numis Securities Limited (NOMAD and Broker)
Charles Farquhar / Kevin Cruickshank
020 7260 1000
Liberum Capital Limited (Joint Broker)
Richard Crawley / Jamie Richards
020 3100 2000
Smithfield Consultants (Financial PR)
John Kiely / Andrew Wilde / Imogen Gardam
020 3047 2544 /
07785 275665

 

Notes to editors:

Premier Miton Investors is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include equity, fixed income, multi-asset and absolute return.

 

LEI Number: 213800LK2M4CLJ4H2V85

 

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