Miton profits jump 75% as firm rules out international expansion

AUM growth of 19% in first half of 2018

Miton has reported strong net flows across its fund range in the first half of 2018, as the firm looks to take "greater market share" in the UK.

In its half-year results for the six months to 30 June 2018, the firm said pre-tax profits had risen to £4.2m from £2.4m the previous year.  Assets under management increased 35% from £3.35bn at the end of June 2017 to £4.5bn at 30 June 2018, and were up 19% over the first half of this year. Miton CEO Barron: 'We are in better shape than ever before' The group said this growth was primarily driven by strong net inflows of £616m across its single-strategy and multi-asset ranges over the period, compared with £494m in the year to 31 December 2017. This was helped by flows into its...