Miton profits fall in first half but inflows remain strong

Assets have grown to £2.3bn

Miton's assets under management continue to rise in 2015, despite challenging market conditions, although adjusted pre-tax profits for the first half were down on the same period last year.

In its audited results for the first half of 2015, the firm included new figures up to 31 August which showed assets under management had risen from £2.2bn at the end of June to £2.3bn. This was particularly helped by inflows into George Godber (pictured) and Georgina Hamilton's UK Value Opportunities fund, which saw assets rise from £378m at the end of June to £498m at the end of August. The fund has returned 24% over one year to 25 September, versus an IA UK All Companies sector average of 2.2%, according to FE Trustnet. However, adjusted pre-tax profits were reduced to £0.8m, do...