Q4 AuM update

RNS Number : 5702B

Premier Miton Group PLC

09 October 2020

 

Premier Miton Group plc

('Premier Miton', 'Group' or the 'Company')

Q4 AuM update

Premier Miton broadens product offering with two fund launches for new fixed income team as AuM increases to £10 .6 billion

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 'Period').

· Closing AuM of £10.6 billion at 30 September 2020 (30 June 2020: £10.3 billion).

Fund manager appointments and new products

Two fixed income funds launched on 14 September 2020:

· The Premier Miton Strategic Monthly Income Bond Fund that sits in the IA Sterling Strategic Bond sector. AuM at the Period end was £55 million.

· The Premier Miton Financials Capital Securities Fund that sits in the IA Specialist sector. AuM at the Period end was £64 million.

Global Smaller Companies fund

· Alan Rowsell joined the Group on 1 October 2020 from Aberdeen Standard Investments where he was manager of the £1.2 billion¹ Global Smaller Companies fund since 2012.

· A new Premier Miton Global Smaller Companies fund launch is planned for Q1 2021.

Mike O'Shea, Chief Executive Officer, commented:

"The Group saw a return to net positive flows in August and September reflecting a combination of continued inflows across a number of the single strategy funds along with early traction for the new fixed income team.  

"The Group has made a series of key appointments in the financial year that will allow it to offer new products to investors in Global Sustainable Equity, Global Small Cap and Fixed Income. At the same time, it is encouraging to see strong performance across a wide range of our existing single strategy equity and fixed income funds, which now represent the majority of our total AuM. We have considerably strengthened our distribution capabilities over recent months and, as a result, we approach the coming financial year with optimism that we can continue to build flows in this important area for the business.

"The Group's AuM saw growth of 4% from the position at 30 June 2020 to end the quarter at £10.6 billion."

Assets under Management

	Opening AuM 1 Oct 2019 £m	Merger 2 £m	9 month  net flows 3 £m	Quarter 4  net flows 3 £m		12 month net flows 3 £m	Market / investment performance 3 £m		Closing AuM 30 Sept 2020 3 £m
Equity funds	1,312	3,406	211	202		413	273		5,404
Multi-asset funds	4,423	795	(512)	(309)		(821)	(278)		4,119
Fixed income funds	576	-	(200)	119		(81)	(9)		486
Investment trusts	150	500	(18)	(16)		(34)	(17)		599
Segregated mandates	95	-	(96)	-		(96)	1		-
Total	6,556	4,701	(615)	(4)		(619)	(30)		10,608

¹   Fund sizes as at 31 May 2020. Source: Provider's own factsheet  

² Merger of Premier Asset Management Group plc and Miton Group plc on 14 November 2019

³ Includes the former Miton Group plc fund range with effect from close of business on 14 November 2019

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 / Huw Jeremy	020 7260 1000
Liberum Capital Limited (Joint Broker) Richard Crawley / Jamie Richards	020 3100 2000
Smithfield Consultants (Financial PR) John Kiely / Andrew Wilde / Imogen Gardam	020 3047 2544 / 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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