# Premier Miton broadens product offering with two fund launches as AuM increases to £10.6 billion

- Link: https://www.directorstalkinterviews.com/premier-miton-broadens-product-offering-with-two-fund-launches-as-aum-increases-to-10-6-billion/412862922
- Published: 2020-10-09T07:08:00+01:00
- Author: Giles Arbor

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

·   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 billion^(1) Global Smaller Companies fund since
2012.

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

> **Mike O’Shea, Premier Miton Group 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**

|   | OpeningAuM1 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 | ClosingAuM**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_

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