Asset manager results round-up: Premier AM sees decline in net inflows

AUM up due to strong markets

clock • 10 min read

Following an indiscriminately challenging final quarter of 2018 across asset and wealth management, trading updates largely reflect the continued uncertainty from geopolitical tensions and low levels of investor sentiment. Here, Professional Adviser's sister title Investment Week offers a snapshot of the listed groups' state of play.

Premier Asset Management has reported a significant decline in net inflows over the six months to 31 March compared to the same period last year. Total net inflows amounted to just £67m, compared to £411m for the six months to 31 March 2018. Net sales for the year to the end of March were also less than half of the previous year, at £390m compared to £847m.  However, the lower flows still mark the 24th consecutive quarter of positive net flows, while assets under management have also increased to £6.8bn from £6.4bn at the end of March 2018. As at close of business on 30 April 2019, AU...

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