Premier Miton Group PLC - London-based asset manager - Ends September with GBP13.9 billion in assets under management, up from GBP10.6 billion at the same point year the year before. For the year ended September 30, books GBP830 million of net inflows, reversing from GBP619 million net outflows the year before. Market investment performance adds GBP2.49 billion to AuM, with GBP1.65 billion coming from Equity funds - which also accumulated GBP1.17 billion in net inflows.
Chief Executive Mike O'Shea says: "The group's AuM is well diversified across 17 investment teams and a broad range of equity, fixed income, multi-asset and absolute return investment strategies. Our investment teams are delivering consistent investment performance with a good balance between our established and our newer fund managers who are together well positioned to drive our ambitious organic growth plans."
"During the quarter, we added to our range of income funds with the launch of the Premier Miton European Equity Income Fund. This new fund brings further choice for our clients who are seeking diversified equity income strategies at a time of low interest rates and low bond yields. We also completed the merger of the Premier Global Infrastructure Income Fund and the Premier Miton Global Infrastructure Income Fund, creating a single, larger fund that helps to reduce investor costs and brings scale potential for this strategy," he adds.
Current stock price: 176.50 pence
Year-to-date change: up 20%
By Paul McGowan; paulmcgowan@alliancenews.com
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Premier Miton (PMI)