Miton’s profits rebound 70%; Dighé steps down

After a rocky start to 2016, Miton ended the year with higher profit before tax and assets under management.

Miton's profits rebound 70%; Dighé steps down

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In total, the group reported gross sales in excess of £1.1bn.

The only products to lose money in the end were Miton’s equity funds, which saw £181m in outflows, taking their total AUM to £1.7bn.

The asset manager announced it would be hiking its dividend by 49%, “reflecting confidence in future prospects and momentum in AUM.”

Shares in the AIM-listed company rallied on the back of this recovery story and were trading 6% higher at 39.5p per share.

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