Premier grows assets by 11% as inflows remain positive

Took in £311m over six months to 31 March

Premier Asset Management has reported an 11% increase in assets under management (AUM) over the six months to the 31 March as it continues to see net inflows.

The fund group has taking in £311m over the six month period, lower than the £422m during the same time frame last year. The positive flows have boosted AUM to £5.5bn as at the end of March, an 11% increase, the same percentage change as during the six months to 31 March 2016, when assets stood at £4.5bn. Over 12 months to the end of March, the firm took in £667m, lower than the £901m inflows seen in the financial year 2016, but overall Premier has enjoyed sixteen consecutive quarters of positive flows. Mike O'Shea (pictured), chief executive, said: "Macro political events continue...