IN BRIEF: Premier Miton assets under management down amid volatility
Premier Miton Group PLC - Guildford, Surrey-based asset management firm - Says assets under management fall 1.7% to £10.5 billion as at June 30, the end of its financial third quarter, from £10.68 billion at September 30, 2024. Chief Executive Officer Mike O’Shea says: ‘There were encouraging signs of progress during the quarter despite reporting a net outflow overall. Demand for our absolute return and fixed income funds remained good, supported by consistent investment performance. Notably, net outflows from our UK equity funds reduced by over 50% compared to the average of the previous four quarters, reflecting improving investor sentiment and solid fund performance.’
CEO O’Shea adds: ‘From a market perspective, the quarter was marked by heightened volatility following the introduction of US tariffs and ongoing tensions in the Middle East. While the full implications remain to be seen, a stabilisation in conditions during the second half of the year would provide a more constructive backdrop for converting our strong new business pipeline across fixed income, absolute return, and several equity strategies into positive flows.’
Current stock price: 70.01 pence, down 2.1% on Friday morning in London
12-month change: up 4.5%
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