Premier boosts AUM after strong Q3 inflows

Premier Asset Management has reported its assets under management grew to £5.84bn at the end of June, after the 17th consecutive quarter of positive net inflows.

Premier boosts AUM after strong Q3 inflows
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This followed net inflows of £231m in the three months to 30 June 2017, with total net inflows for the rolling 12 months standing at £636m.

Following these results, the group will confirm on July 27 the exact amount it will be pay for its third quarterly dividend. 

“These results have been achieved in an environment of continued market uncertainty driven by various factors, including the unwinding of quantitative easing and the lack of clarity arising from the UK referendum result last year,” said chief executive officer Mike O’Shea.

Commenting on the recent FCA Asset Management Market study, O’Shea said: “We believe that against a background of market uncertainty, low interest rates and the ongoing need for people to invest for growth, income or capital preservation, the value of good, active management is critical. 

“We continue to believe that our strategy of offering relevant investment products, which are designed to meet the different long‐term needs of UK investors, backed by good investment outcomes after charges, a strong distribution capability and scalable operating platform, positions us well to deliver for both our clients and our shareholders.”

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