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

AUM up over six months

Anna Fedorova
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Mike O'Shea, CEO of Premier Miton
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Mike O'Shea, CEO of Premier Miton

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...

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