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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Premier Miton Group Plc | LSE:PMI | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 4.29% | 73.00 | 72.00 | 74.00 | 73.00 | 69.50 | 69.50 | 370,113 | 13:49:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 74.45M | 3.68M | 0.0233 | 31.33 | 115.28M |
TIDMPMI
RNS Number : 9943F
Premier Miton Group PLC
14 July 2023
Premier Miton Group plc
('Premier Miton', 'Group' or the 'Company')
Q3 AuM update
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').
-- GBP10.5 billion closing AuM at 30 June 2023 (31 March 2023: GBP11.0 billion) -- GBP449 million of net outflows for the Quarter
-- Continued strong relative investment performance, with 81% (2) of funds in the first or second quartile of their respective sectors since launch or fund manager tenure
Mike O'Shea, Chief Executive Officer, commented:
" The Group's AuM ended the Quarter at GBP10.5 billion. We saw outflows from across our fund range as investors retrenched against a backdrop of higher inflation, higher interest rates and ongoing market uncertainty. These outflows were principally driven by asset allocation decisions in the wider market, with investors choosing to reduce exposure to equities. Fixed income was a positive area, we saw inflows of GBP175 million, although these were to some extent offset by outflows of GBP70 million from our money market fund. Year to date we have seen over GBP500 million of net inflow into fixed income.
"We continue to focus heavily on building our profile with advisers and wealth managers through our marketing and distribution activity. We believe we have a suite of investment products that will be attractive to investors and their advisers once they return to having a more positive investment outlook."
Assets under Management:
Quarter 1 & 2 Quarter Year Opening Quarter Year Market 3 Market to date Closing AuM Quarter 3 to date / / Market AuM 1 Oct 1 & 2 net net investment investment / investment 30 Jun 2022 net flows flows flows performance performance performance 2023 (1,3) GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm Equity funds 5,631 (360) (458) (818) 366 4 370 5,183 Multi-asset funds 3,263 (69) (62) (131) 80 (32) 48 3,180 Fixed income funds 750 380 (13) 367 (2) (3) (5) 1,112 Investment trusts 519 (2) (34) (36) (4) (24) (28) 455 Segregated mandates 402 19 118 137 22 (11) 11 550 Total 10,565 (32) (449) (481) 462 (66) 396 10,480
(1) Comprising of 41 open-ended funds, four investment trusts and two external segregated mandates.
(2) The quartile performance rankings are based on Investment Association sector classifications where applicable. This covered a total of 32 open-ended funds since manager inception. Data is sourced from FE Analytics FinXL using the main representative post-RDR share class, based on a total return, UK Sterling basis. All data is as at 30 June 2023 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 GBP264 million.
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 7597 4000 Edelman Smithfield Consultants (Financial PR) 07785 275665 / John Kiely / Latika Shah 07950 671948
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) Dow Jones Newswires
July 14, 2023 02:00 ET (06:00 GMT)
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