Premier Miton Group
plc
('Premier Miton', 'Group' or
the 'Company')
Q1 AuM
update
Continuing to position the
business for when investor interest returns
Premier Miton Group plc (AIM:
PMI), the AIM quoted fund management group,
today provides an update on its unaudited statement of Assets under
Management ('AuM') for the first quarter of the current financial
year ending 30 September 2025 (the 'Quarter' or
'Period').
· £10.7 billion AuM at 31 December 2024 (30 September 2024:
£10.7 billion)
· Net inflows into open-ended funds and segregated mandates
during November and December 2024
· £33 million of net outflows for the Quarter
Mike O'Shea,
Chief Executive Officer, commented:
"We are pleased to report a somewhat
better quarter in terms of fund flows. Uncertainty ahead of the UK
budget was evident during October and this resulted in net outflows
during the month. However, it was pleasing to note that flows
turned slightly positive in both November and December. This was
largely driven by positive flow into our US equity, Diversified
multi-asset, fixed income and absolute return strategies alongside
continued outflows from our UK equity strategies. The net result
for the quarter was an outflow of £33 million which is a noticeable
improvement on recent quarters. We were also pleased to see
continuing demand for our absolute return strategies with an
additional $50 million secured for an existing mandate during the
period which was invested in early January.
"With our diversified product mix
and an absolute focus on delivering strong investment performance
we are well placed to benefit from an improving flow environment.
We have several strategies with strong investment performance that
sit in key demand pools here in the UK and we are positive on the
outlook for fund flows in these areas. We also continue to develop
our presence in international markets with several funds registered
in South Africa and new fund launches planned to meet investor
demand within our Dublin UCITS."
Assets under
Management:
On 31 December 2024, our AuM stood at £10.7
billion.
A reconciliation of AuM and flows over the
Quarter is below:
|
|
Equity UK
|
Equity
International
|
Multi-asset
Multi
Manager
|
Multi-asset Direct and
Diversified
|
Fixed
Income
|
Absolute
Return
|
Total
|
|
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
£m
|
|
AuM at 1 October 2024
|
1,910
|
3,274
|
1,132
|
1,727
|
2,062
|
578
|
10,683
|
|
Net flows
|
(97)
|
(24)
|
(56)
|
3
|
27
|
114
|
(33)
|
|
Market/investment
performance
|
(12)
|
56
|
(20)
|
(26)
|
13
|
11
|
22
|
|
|
|
|
|
|
|
|
|
|
AuM
at 31 December 2024 1,
2
|
1,801
|
3,306
|
1,056
|
1,704
|
2,102
|
703
|
10,672
|
|
|
|
|
|
|
|
|
|
1 Comprising of 42 open-ended
funds, three investment trusts and seven external segregated
mandates
2 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 £250
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)
David Anderson / Ben Griffiths / St John
Hunter
|
020 7597 4000
|
|
Camarco
Geoffrey Pelham-Lane / Ben Woodford
|
07733 124 226 /
07990 653 341
|
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
