Premier Miton has suffered a £3.3bn drop in its assets under management in the 12 months to the end of September, according to a trading update published today (14 October).
The AUM stood at £10.6bn, down from £13.9bn at the end of September 2021. During the three months to the end of September this year, the firm experienced £340m of net outflows, bringing the total net outflows for the 12 month period to £1.1bn. Closing AUM for equity funds was £5.6bn, down from £8.2bn a year previously. Multi-asset fund assets dropped from £3.9bn to £3.2bn, while investment trusts also saw a decline down from £784m to £519m. Allianz GI's Matthew Tillett resurfaces at Premier Miton as Andrew Jackson retires Mike O'Shea, Premier Miton CEO, said the outflows wer...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
