Investors pull £325m from Premier Miton's multi-asset funds

The coronavirus crisis wiped as much as 21% off Premier Miton's assets under management, the firm said in its half-year results on Friday (22 May), with that figure standing at £9.1bn on 31 March. AUM was 25% higher than the same time a year previous, due largely to the November 2019 merger of Premier Asset Management and Miton Group. The group noted it had seen £389m of outflows from its products in the half-year period, £325m of which had come from its multi-asset funds. Its fixed income mandates saw £180m of outflows, while the equity funds it runs secured inflows of £116m. Advi...