As at 30 June 2018, the fund group’s AUM stood at £6.8bn, up 17% or £1bn from £5.8bn in 2017.
CEO Mike O’Shea (pictured) said AUM was able to reach a record high off the back of strong net inflows and market movements.
Premier saw its 21st quarter of positive net inflows in the three months to the end of June, attracting £202m into its product range, which includes multi-asset, equity and absolute return funds.
The asset manager took in £1.72bn worth of sales over the first nine months of the year but ended the period with net flows of £613.4m as redemptions rose.
Premier funds saw £1.1bn in redemptions during the period, up 3% from £1.0bn in 2017. Outflows had slowed marginally over the first two quarters to £730.5m, down 1%.
Despite this, O’Shea said the results reflected another strong quarter for the business and that the firm’s focus on actively-managed funds would serve it well in a period of “economic and political uncertainty”.
He added that Premier will hike its quarterly dividend from 1.25p to 1.65p.
Shares fell a little over 1% to 272p during Tuesday morning trading.
