# Premier Miton AuM increases to £12.6 billion with second consecutive quarter of positive net inflows

- Link: https://www.directorstalkinterviews.com/premier-miton-aum-increases-to-12.6-billion-with-second-consecutive-quarter-of-positive-net-inflows/412974993
- Published: 2021-04-08T07:16:22+01:00
- Author: Giles

**Premier Miton Group plc** (LON:PMI) has today provided an update on its unaudited
statement of Assets under Management (‘AuM’) for the second quarter of its current
financial year.

·   Closing AuM of £12.6 billion at 31 March 2021 (31 December 2020: £12.0 billion)

·   Net inflows of £193 million during the Quarter

·   Financial year to date net inflows of £359 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 £12.6 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 £2.4 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 £3.9 
> billion the Group now manages in multi-asset funds, some £2.2 billion is managed
> on a multi-manager basis and £1.7 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** |   |   |   | **Market / investment performance** | **Closing** | 
|   | **AuM** | Quarter 1 | Quarter 2 | **Year to date** | £m | **AuM** | 
|   | **01-Oct-20** |  net flows |  net flows | ** net flows** |  | **31-Mar-21** | 
|   | **£m** | £m | £m | **£m** |  | **£m** | 
| 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 £3.5 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)_

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