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

Closing AUM remained flat

Lauren Mason
clock • 2 min read

Premier Miton saw £87m of net outflows during the first quarter of its current financial year (30 September to 31 December 2020) following a “challenging period for UK fund flows in general”, according to its latest 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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Investors take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read