Update: Premier Miton launches first fund post merger

Multi-asset offering investing in ETFs and index funds

Premier Miton Investors has launched the Premier Managed Index Balanced fund, its first offering as a newly merged asset management firm.

The fund will offer investors a "ready-made, diversified ETF and index-tracking portfolio", investing through asset classes including equities, bonds and alternatives, the firm said. Wayne Nutland will run the offering, which will have an ongoing charges fee of 0.48%. Premier Miton said it would have no fixed strategic allocation , with active management of asset allocation within defined ranges and underlying investment selection designed to add long-term investment value for clients. Premier and Miton merger reaction: 'Some prospect of consolidation' Nutland said the fund enables...