Net inflows for the first half of the year of £195m signalled a strong start for the asset manager, with its equity and multi-asset strategies taking in £191m.
The firm recovered much of the ground lost following the exit of Georgina Hamilton and George Godber last April, after which it suffered £423m of redemptions pushing total AUM down to £2.5bn in Q2 of 2016.
Total AUM bounced back in the first half of 2017 to reach £3.35bn, up from £2.9bn at the start of the year.
It was helped by inflows of £4m to its four investment trusts where total AUM was £576m as at the end of June.
David Barron, who replaced Ian Dighé as chief executive in March this year, said: “This has been a strong start to the year for Miton and we are optimistic that the second half will continue to deliver net inflows, subject to markets.
“Our new management structure, which has been in place since March, is also benefiting the business and we are making good progress on the appointment of a new non-executive chairman.
“Changing market dynamics have led to an increasing client interest in strategies investing across a wider opportunity set which can demonstrate strong risk-adjusted performance.”
The promising report follows Miton’s launch of a new global infrastructure fund in March, headed by Jim Wright who joined the firm in January.
