Ryan Hughes, head of active portfolios at AJ Bell, comments on the merger between Miton Group and Premier Asset Management:
“News of the merger between Premier and Miton shows the pace of consolidation in the UK asset management space continues unabated as more active managers look to scale up to take on the challenge of passive investing and narrower distribution. The two businesses look a very good fit with complementary fund ranges that combine Premier’s key competence in multi asset investing with Miton’s focus on single strategy funds. There is little overlap in the fund ranges although some prospect of consolidation in UK equity income, multi asset and infrastructure does exist and therefore we may see some fund mergers over the next 12 months.”