Premier Asset Management has seen its assets under management jump to £5bn thanks to demand for its multi-asset funds and strong performance during the latest quarter.
In a trading update for the three months to 30 September, the firm said assets under management increased to £5bn, up from £4.5bn at the end of the previous quarter. During the previous three quarters, AUM had remained flat at or around £4.5bn. The increase comes despite a drop in net sales to £95m from £260m in the previous quarter; total net inflows over the year to 30 September amounted to £778m. The key boost in AUM during the three month period came from strong performance, which contributed £309m. This compared to two consecutive negative periods of performance during the pr...
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