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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 : 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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July 09, 2021 02:00 ET (06:00 GMT)
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