REG - Premier Miton Group - Q1 AuM update

Premier MitonAnnouncement

16/01/2025 07:00

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RNS Number : 5077T  Premier Miton Group PLC  16 January 2025

Premier Miton Group plc

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

Q1 AuM update

 

Continuing to position the business for when investor interest returns

 

Premier Miton Group plc (AIM: PMI), the AIM quoted fund management group,
today provides an update on its unaudited statement of Assets under Management
('AuM') for the first quarter of the current financial year ending 30
September 2025 (the 'Quarter' or 'Period').

 

·   £10.7 billion AuM at 31 December 2024 (30 September 2024: £10.7
billion)

·   Net inflows into open-ended funds and segregated mandates during
November and December 2024

·   £33 million of net outflows for the Quarter

 

 

Mike O'Shea, Chief Executive Officer, commented:

 

"We are pleased to report a somewhat better quarter in terms of fund flows.
Uncertainty ahead of the UK budget was evident during October and this
resulted in net outflows during the month. However, it was pleasing to note
that flows turned slightly positive in both November and December. This was
largely driven by positive flow into our US equity, Diversified multi-asset,
fixed income and absolute return strategies alongside continued outflows from
our UK equity strategies. The net result for the quarter was an outflow of
£33 million which is a noticeable improvement on recent quarters. We were
also pleased to see continuing demand for our absolute return strategies with
an additional $50 million secured for an existing mandate during the period
which was invested in early January.

 

"With our diversified product mix and an absolute focus on delivering strong
investment performance we are well placed to benefit from an improving flow
environment. We have several strategies with strong investment performance
that sit in key demand pools here in the UK and we are positive on the outlook
for fund flows in these areas. We also continue to develop our presence in
international markets with several funds registered in South Africa and new
fund launches planned to meet investor demand within our Dublin UCITS."

 

Assets under Management:

On 31 December 2024, our AuM stood at £10.7 billion.

A reconciliation of AuM and flows over the Quarter is below:

                                 Equity UK                  Multi-asset             Multi-asset Direct and Diversified  Fixed Income                    Absolute Return                 Total

                                            Equity          Multi Manager

                                            International
                                 £m         £m              £m                      £m                                  £m                              £m                              £m
 AuM at 1 October 2024             1,910                             1,132                       1,727                               2,062                            578                 10,683

                                            3,274
                                 (97)                       (56)                    3                                   27                              114                             (33)

 Net flows                                  (24)
                                 (12)                       (20)                    (26)                                13                              11                              22

 Market/investment performance              56

 AuM at 31 December 2024 (1, 2)  1,801                      1,056                   1,704                               2,102                           703                             10,672

                                            3,306

( )

(1) Comprising of 42 open-ended funds, three investment trusts and seven
external segregated mandates

( )

(2) 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 £250 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)

 David Anderson / Ben Griffiths / St John Hunter   020 7597 4000

 Camarco

 Geoffrey Pelham-Lane / Ben Woodford               07733 124 226 /

                                                   07990 653 341

 

 

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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