We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Premier Asset Management Group Plc | LSE:PAM | London | Ordinary Share | GB00BZB2KR63 | ORD 0.02P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 183.50 | 180.00 | 187.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPMI
RNS Number : 7505U
Premier Miton Group PLC
08 April 2021
8 April 2021
Premier Miton Group plc
('Premier Miton', 'Group' or the 'Company')
Q2 AuM update
Premier Miton AuM increases to GBP 12.6 billion with second consecutive quarter of positive net inflows
Premier Miton Group plc (AIM: PMI) today provides an update on its unaudited statement of Assets under Management ('AuM') for the second quarter of its current financial year (the 'Quarter' or 'Period').
-- Closing AuM of GBP12.6 billion at 31 March 2021 (31 December 2020: GBP12.0 billion) -- Net inflows of GBP193 million during the Quarter -- Financial year to date net inflows of GBP359 million
Mike O'Shea, Chief Executive Officer, commented:
"The Group's AuM grew by 19% from the position at 30 September 2020 to end the Period at GBP12.6 billion. It was pleasing to see the continued growth in AuM and to record a second successive quarter of net positive fund flows.
For the first time in many months, and as we had expected at the time of our last update to shareholders, we saw increasing demand for our UK equity-focused strategies. This sector has been out of favour with investors for some time and it is one where we have a broad and strongly performing range of funds. Should this recent improvement in investor sentiment be maintained, we believe that the Group is well placed to benefit from increasing fund flows given our excellent track record in the area.
Our new Premier Miton Global Smaller Companies Fund was successfully launched on 22 March 2021 and has already attracted good investor interest. We continue to believe that smaller companies represent an area where investors will be able to find value over the coming years and we are confident that our new team will do a very good job for investors.
We look forward to the launch of the Premier Miton European Sustainable Leaders Fund on 10 May 2021. This new fund will focus on companies with strong environmental, social and governance ('ESG') profiles and those the fund managers believe offer longer term sustainable growth themes. The fund will be managed by the highly-regarded investment team of Carlos Moreno and Thomas Brown who have successfully managed the GBP2.4 billion(1) Premier Miton European Opportunities Fund since launch in December 2015. As a Group, we currently manage four funds with specific sustainable, ESG or ethical objectives designed to meet increasing demand for a specialist responsible investing approach from our investors.
Finally, during the Quarter, we completed a number of changes to our multi-asset funds with the objective of reducing overall costs for investors. Of the GBP3.9 billion the Group now manages in multi-asset funds, some GBP2.2 billion is managed on a multi-manager basis and GBP1.7 billion is managed through direct investment in underlying securities. We continue to believe that both strategies have a role to play in client portfolios and we are proud of our long-term investment records in both areas. It is also pleasing to see that short-term investment performance for both groups of multi-asset funds is very strong. For those multi-asset funds where an industry sector is an appropriate comparator, we have 97%(2) of our AuM performing ahead of median and 94%(2) in the first quartile over the last year."
Assets under Management:
Opening Closing AuM Quarter Quarter Year to Market AuM 1 Oct 1 2 date / investment 31 Mar 2020 net flows net flows net flows performance 2021 GBPm GBPm GBPm GBPm GBPm GBPm Equity funds 5,404 196 425 621 1,023 7,048 Multi-asset funds 4,119 (384) (243) (627) 445 3,937 Fixed income funds 486 31 (11) 20 14 520 Investment trusts 599 (17) (1) (18) 150 731 Segregated mandates - 340 23 363 3 366 Total 10,608 166 193 359 1,635 12,602 (1) Fund size as at 31 March 2021
(2) Source: FE Analytics, data to 31 March 2021 using the main representative post-RDR share class based on Investment Association sector classifications. Performance period relates to the twelve months to 31 March 2021 for the fifteen Premier Miton multi-asset funds, representing GBP3.5 billion of AuM at the Period end. This figure excludes the Premier Miton Multi-Asset Absolute Return Fund and the Premier Miton Liberation fund range (where sector comparisons are inappropriate)
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCSSFFAWEFSELL
(END) Dow Jones Newswires
April 08, 2021 02:00 ET (06:00 GMT)
1 Year Premier Asset Management Chart |
1 Month Premier Asset Management Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions