Fund shake-up at Premier

Premier Asset Management has restructured a number of its funds in a move to make them ‘more relevant’ for investors.

Fund shake-up at Premier


A total of ten funds have either been restructured, or merged. The merged funds are shown in the table.


Premier UK Alpha Growth

Premier UK Growth Fund

Premier UK Strategic Growth

Premier UK Alpha Income

Premier Optimum Income Fund

Premier European Optimum Income

Premier Multi-Asset Income & Growth

Premier Multi-Asset Income & Growth Fund

Premier Multi-Asset Growth

Premier Global Alpha Growth

Premier Global Alpha Growth Fund

Premier Enterprise

The Premier Global Power & Water Fund, managed by James Smith and Claire Burgess, will now pay quarterly dividends and its investment objective has been changed to offer potential for both income and growth.

The highest proportion of the fund’s capital (42%) is currently invested in the electricity sector, and it is ranked in the bottom quartile over both one and three years.

Both the Premier Alternative Strategies Fund and the Premier UK Strategic Growth Fund have been renamed. The former is now called the Premier Diversified Fund, and it is now able to invest in a wider range of assets. Neil Birrell has been managing the fund since he joined Premier from Framlington in January.

The latter has been renamed Premier UK Growth Fund, and its performance over the past year is shown in the graph below.


The Premier Optimum Income Fund will now focus on investment primarily in UK equities. Its top ten holdings currently include BT, Daily Mail and Centrica.

This is the second time Premier has unveiled a raft of fund changes and mergers, having taken similar action at the end of 2011.



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