TIDMPMI
RNS Number : 4277O
Premier Miton Group PLC
08 October 2021
Premier Miton Group plc
('Premier Miton', 'Group' or the 'Company')
Q4 AuM update
Premier Miton AuM grows by 31% to reach GBP13.9 billion after a
year of strong net fund flows
Premier Miton Group plc (AIM: PMI) today provides an update on
its unaudited statement of Assets under Management ('AuM') for the
fourth quarter of its financial year (the 'Quarter' or
'Period').
-- GBP13.9 billion closing AuM at 30 September 2021 (30 September 2020: GBP10.6 billion)
-- GBP830 million of net inflows for the year (Year to 30
September 2020: GBP619 million net outflows)
-- GBP120 million of net inflows for the Quarter
-- 50 (1) products managed by 17 investment teams at the Period end
Mike O'Shea, Chief Executive Officer, commented:
"The Group delivered another quarter of positive net inflows
bringing the total for the 2021 financial year to GBP830 million.
The net inflows, combined with strong investment performance, have
driven the growth in the Group's AuM to reach GBP13.9 billion at
the Period end, representing an increase of 31% for the financial
year.
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.
As a business, our primary aim is to actively and responsibly
manage our clients' investments for a better financial future. We
are proud of the fact that, where measuring investment performance
against the relevant peer group is appropriate, 80% (2) of our
open-ended funds are in their first or second quartiles (with 66%
(2) in the first quartile) for investment performance since manager
inception.
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.
During the last year we are pleased to report that the quality
of our investment performance has continued to be recognised by our
peers and by the industry. We were honoured to receive the coveted
Specialist Group of the Year Award and two further fund awards at
the Investment Week Fund Manager of the Year Awards 2021. It was
also pleasing to see our investment trusts being recognised through
our nominations for Group of the Year and four individual trust
awards at the Investment Week Investment Company of the Year Awards
2021.
I believe our core qualities of high performing, genuinely
active investment teams, relevant and diversified investment
products, robust balance sheet and proven distribution capabilities
mean we are well positioned for the coming financial year."
Assets under Management:
Closing
Opening Quarter Quarter Quarter Quarter AuM
AuM 1 2 3 4 12 month Market 30 Sept
1 Oct net net net net net flows / investment 2021
2020 flows flows flows flows (3) performance (3)
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
Equity funds 5,404 196 425 405 146 1,172 1,647 8,223
Multi-asset
funds 4,119 (384) (243) (80) (103) (810) 610 3,919
Fixed income
funds 486 31 (11) (7) 73 86 22 594
Investment
trusts 599 (17) (1) 2 (1) (17) 202 784
Segregated
mandates - 340 23 31 5 399 12 411
Total 10,608 166 193 351 120 830 2,493 13,931
(1) Comprising of 43 open-ended funds, five investment trusts
and two external segregated mandates
(2) The quartile performance rankings are based on Investment
Association sector classifications where applicable, this covers 35
open-ended funds. Data is sourced from FE Analytics using the main
representative post-RDR share class, based on a total return, UK
Sterling basis. All data is as at 30 September 2021 and the
performance period relates to when the fund launched or the assumed
tenure of the fund manager(s)
(3) 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 GBP191 million
Notice of results
Premier Miton will issue its results for the financial year
ending 30 September 2021 on 7 December 2021.
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)
Bruce Garrow / Ben Griffiths / Virginia
Bull / Harry Hargreaves 020 7260 1000
Edelman Smithfield Consultants (Financial
PR) 020 3047 2544
John Kiely / Andrew Wilde / Imogen Gardam /
/ Latika Shah 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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