10 Apr 2019 07:00
MITON GROUP PLC
Q1 2019 AuM UPDATE
Miton Group plc (the 'Company' or 'Group'), the AIM quoted fund management group, today provides a quarterly update of its unaudited statement of Assets under Management ('AuM') for the three months ended 31 March 2019 (the 'Period').
Highlights
· 31 March 2019 closing AuM of £4,600 million (31 March 2018: £3,975 million) (+16%)
· Total net inflows of £5 million in the Period (three months to 31 March 2018: £316 million)
· Average AuM for the Period was £4,525 million (three months to 31 March 2018: £3,918 million) (+15%)
· Tenth consecutive quarter of positive net inflows
Assets under Management
| Opening AuM 1 Jan 2019 £m | Three month net flows £m | Market / investment performance £m | Closing AuM 31 Mar 2019 £m |
Equity funds^ | 3,015 | 42 | 187 | 3,244 |
Multi-asset funds | 847 | (37) | 29 | 839 |
Investment trusts | 514 | - | 3 | 517 |
Total | 4,376 | 5 | 219 | 4,600 |
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^includes segregated mandate
David Barron, Chief Executive Officer, commented:
"In the context of the wider market it is encouraging to see a further quarter of positive net inflows reflecting growth in several of the equity funds that were developed to meet client needs and diversify the business. Whilst markets have rallied, sentiment remains subdued and clients are still cautious. We believe we are well positioned, if more normal market conditions return, to continue to make further progress through the strength of our differentiated funds and our effective distribution."
ENDS
For further information, please contact:
Miton Group plc David Barron, Chief Executive Officer
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020 3714 1500 |
MHP Communications Reg Hoare / Charlie Barker / Robert Collett-Creedy
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020 3128 8147 / miton@mhpc.com |
Liberum (Nominated Adviser and Joint Broker) Neil Patel / Cameron Duncan
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020 3100 2000 |
N+1 Singer (Joint Broker) Tom Salvesen
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020 7496 3000 |
www.mitongroup.com / @Miton_AM
Notes to Editors:
Miton Group plc (referred to as the 'Company' or 'Group'), is an equity and multi-asset fund management specialist. As at 31 March 2019 the Group managed £4,600 million of assets across eleven OEICs, two unit trusts, three investment trusts and one segregated mandate.