Premier Miton saw a return to net inflows during Q1 of its financial year and its assets under management (AUM) reached £12bn as it completed the operational stages of the integration of both business post-merger.
The firm's AUM closed at £12bn on 31 December, a 13% rise from the £10.6bn at 30 September, as its equity and bond funds continued to see positive flows. However, they were offset by a continued trickle out of its multi-asset offerings, despite what CEO Mike O'Shea called "a noticeable improvement in short-term investment performance". O'Shea said the return to quarterly inflows, which totalled £166m, was a "pleasing development". The CEO added that the firm had completed the final operational stages of the integration of both the Premier Asset Management and Miton Group businesses...
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