Premier Miton Group PLC Q3 AuM update (6856E)
09 Julio 2021 - 01:00AM
UK Regulatory
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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END
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