Premier AM records first quarter of outflows for six years

In its Q3 update to the market released this morning, Premier said it saw net outflows of £55m in the three months to 30 June 2019. Consqequently, its assets under management (AUM) fell by £53m to £6.7bn. The £55m of net outflows compares to net inflows of £202m in the corresponding period in 2018. For the rolling 12 months to 30 June 2019, though, the group saw net inflows of £133m, but that was down from £819m in the rolling 12 months to 30 June 2018. Premier adds trio of funds to Diversified multi-asset range CEO Mike O'Shea said the three-month period was challenging, with "...