REG - Premier Miton Group - Q1 AuM Update

Premier MitonAnnouncement

13/01/2023 07:00

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RNS Number : 6012M  Premier Miton Group PLC  13 January 2023

Premier Miton Group plc

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

Q1 AuM update

 

 

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

 

·   £11.1 billion closing AuM at 31 December 2022 (30 September 2022:
£10.6 billion)

·   £8 million of net inflows for the Quarter

·   Continued strong relative investment performance with 82% (2) of funds
in the first or second quartile of their respective sectors since launch or
fund manager tenure

 

 

Mike O'Shea, Chief Executive Officer, commented:

 

"The Group's AuM ended the Quarter at £11.1 billion, an increase of 5% on the
opening position for the year. We are encouraged by this performance given the
challenging landscape for the wider sector.

"The Group experienced positive net flows for the quarter totalling £8
million with inflows into our US equity, fixed income and Diversified funds.
These inflows were partially offset by outflows from our European and UK
equity open-ended funds.

"Our investment performance remains relatively strong with 82% (2) of funds in
the first or second quartile of their respective sectors since launch or fund
manager tenure, with both our newer teams and funds and the more established
products performing well.

"Despite the on-going challenging economic conditions, our clear proposition
of active management and our diversified product range should position the
Group well when confidence returns."

 

Assets under Management:

 

                      Opening                    Market / investment performance  Closing

                      AuM          Quarter 1     £m                               AuM

                      1 Oct 2022    net flows                                     31 Dec 2022(1,3)

                      £m           £m                                             £m
                      5,631        (169)         393                              5,855

 Equity funds
 Multi-asset funds    3,263        (17)          113                              3,359
 Fixed income funds   750          186           8                                944
 Investment trusts    519          1             15                               535
 Segregated mandates  402          7             18                               427
                      10,565       8             547                              11,120

 Total

( )

(1) Comprising of 41 open-ended funds, four investment trusts and two external
segregated mandates.

 

(2) The quartile performance rankings are based on Investment Association
sector classifications where applicable. This covered a total of 33 open-ended
funds since manager inception. Data is sourced from FE Analytics FinXL using
the main representative post-RDR share class, based on a total return, UK
Sterling basis. All data is as at 31 December 2022 and the performance period
relates to when the fund launched or the assumed tenure of the fund
manager(s).

( )

(3) 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 £233 million.

ENDS

For further information, please contact:

 

 Premier Miton Group plc

 Mike O'Shea, Chief Executive Officer                              01483 306 090

 Investec Bank plc (Nominated Adviser and Broker)

 Bruce Garrow / Ben Griffiths / Virginia Bull / Harry Hargreaves   020 7260 1000

 Edelman Smithfield Consultants (Financial PR)

 John Kiely / Latika Shah                                          07785 275665 /

                                                                   07950 671948

 

 

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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