Premier Miton suffers £619m outflows in first year post merger

AUM up over six months

Anna Fedorova
clock • 2 min read

Premier Miton Group has reported net outflows of £619m during its full financial year to the end of September and a fall in profit before tax as a result of the "significant market disruption" resulting from the Covid-19 pandemic.

However, adjusted profit before tax was up 18% to £22.4m compared to the previous year, while total assets under management rose 16% since the half year to stand at £10.6bn. In addition, chief executive Mike O'Shea said that although the group saw net outflows, he is "encouraged by our continued positive fund flow momentum into our equity and fixed income funds, the strong performance across our broad range of multi-asset funds, and the potential of our new investment capabilities" as a result of the merger with Miton. He said: "It has been a landmark year for Premier Miton. Our finan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read