The group reported £170m of total net inflows over the three months to 31 March 2017 against a “more challenging” backdrop for retail fund sales as investors demonstrated caution against the uncertain macroeconomic and political landscape.
Total net inflows were £667m for the rolling 12 months to the end of Q2.
Mike O’Shea, chief executive, said the challenges arising from Brexit were likely to dominate the investment landscape over the coming months.
Noting the quantitative easing-fuelled boost to asset prices was coming to an end, he suggested active management was more important than ever.
O’Shea added: “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 returns, a strong distribution capability and scalable operating platform, positions us well to deliver for both our clients and our shareholders.”
Meanwhile Premier has adopted a quarterly dividend policy, expecting to pay three smaller, interim dividends representing roughly half of the estimated total dividend for the full financial year, followed by a larger, final dividend.
It paid its first quarter interim dividend of 1.25p per share on 3 March.
The second quarterly dividend, for the three months ended 31 March, is expected to be announced on 26 April with an ex-date of 4 May and a payment date of 2 June.
