A year-on-year inflow increase of 19% into diversified multi-asset funds have proved a light on the horizon for Premier Miton after a challenging 12 months saw profits before tax slide £9.2m.
The asset manager has today (5 December) published its final results for the year ending 30 September which show both a drop in profit before tax, adjusted profit, and cash balance. Net outflows for the firm hit £1.1bn compared with its 2021/22 year, with the firm closing out 2022/23 on assets under management (AUM) of £9.8bn. Premier Miton's multi-asset offerings proved fruitful however, with chief executive Mike O'Shea noting diversified solutions "remain a popular option for advisers and their clients". Inflows into the asset manager's diversified multi-asset funds were up 19% y...
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