# Premier Miton Group completes merger integration and sees AuM increase to £12 billion

- Link: https://www.directorstalkinterviews.com/premier-miton-group-completes-merger-integration-and-sees-aum-increase-to-12-billion/412952133
- Published: 2021-01-08T07:22:36+00:00
- Author: Giles

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

·   Closing AuM of £12.0 billion at 31 December 2020 (30 September 2020: £10.6 billion)

·   Net inflows of £166 million during the Quarter

> **Mike O’Shea, Chief Executive Officer, commented:**
> “The Group’s AuM grew by 13% from the position at 30 September 2020 to end the
> Quarter at £12 billion.
> It is pleasing to see a return to net inflows for the Group driven by positive
> flows into our equity and fixed income strategies. Unfortunately, we continued
> to see outflows from our multi-asset multi-manager funds although there has been
> a noticeable improvement in short-term investment performance.
> I am also pleased to report that during the Quarter, the final operational stages
> of the integration of the former Premier and Miton businesses were completed. 
> This allows the Group to move forward with a single operating platform across 
> our entire fund range.
> At the end of the Period, the UK entered into a trade agreement with the EU, which
> one hopes will end the economic and political uncertainty around Brexit. This 
> in turn should be positive for UK equities, which have suffered an extended period
> of relative underperformance. Premier Miton has a range of top performing UK equity
> funds that are well placed to capture market share as investor interest returns
> to this area of the market.
> Finally, we look forward to the launch of the Premier Miton Global Smaller Companies
> Fund on 22 March 2021. This fund will be managed by Alan Rowsell who successfully
> ran a similar fund at Aberdeen Standard Investments. Premier Miton already has
> extensive smaller companies experience across UK, US and European equities and
> the new fund will draw on this, alongside Alan’s own expertise, to provide further
> investment choice for our clients.”  

**Assets under Management:**

|   | Opening |   | Market / investment performance | Closing | 
|   | AuM | Quarter 1 | £m | AuM | 
|   | 01-Oct-20 |  net flows |  | 31-Dec-20 | 
|   | £m | £m |  | £m | 
| Equity funds | 5,404 | 196 | 737 | 6,337 | 
| Multi-asset funds | 4,119 | -384 | 355 | 4,090 | 
| Fixed income funds | 486 | 31 | 17 | 534 | 
| Investment trusts | 599 | -17 | 93 | 675 | 
| Segregated mandates | – | 340 | 11 | 351 | 
| Total | 10,608 | 166 | 1,213 | 11,987 | 
|  |  |  |  |   | 
|   |   |   |   |

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.

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