TIDMPMI

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 GBP13.6 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 GBP13.6 billion at 30 June 2021 (31 March 2021: GBP12.6 billion) 
   --   Net inflows of GBP351   million during the Quarter 

-- Financial year to date net inflows of GBP710 million (9 months to 30 June 2020: GBP615 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 GBP13.6 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 GBP60 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:

 
                                                                                                               Closing 
                    Opening                                                         Year to                        AuM 
                        AuM         Quarter         Quarter         Quarter            date          Market     30 Jun 
                      1 Oct               1               2               3       net flows    / investment       2021 
                       2020       net flows       net flows       net flows             (1)     performance        (1) 
                       GBPm            GBPm            GBPm            GBPm            GBPm            GBPm       GBPm 
 
   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 GBP144 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 
                                                   020 3047 2544 
  Smithfield Consultants (Financial PR)             / 
   John Kiely / Andrew Wilde / Imogen Gardam        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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