Premier Miton suffers net outflows from open-ended funds in Q1 AUM update

Closing AUM over the period remained flat at £13.9bn, although it included the winding up of the firm's £101m Acorn Income fund as well as outflows. As such, investment trust assets under management fell from £784m to £674m over the period, which comprised net outflows of £100m and a £10m detraction due to performance. Elsewhere, Premier Miton's equity funds suffered net outflows of £70m, although strong performance - with 80% of the firm's funds achieving first- or second-quartile returns relative to their sectors - adding £145m onto AUM. Fixed income funds achieved £62m of net inflo...