Premier Miton AUM increases by 9% despite uptick in net outflows
Group publishes its half-year results to 31 March 2024
Group publishes its half-year results to 31 March 2024
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Some £4.9m of AUM came from investment performance, market movement and foreign exchange
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Review of appointed representative firms to commence shortly
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Value team’s assets shrunk from £8.5bn to £7.5bn over three months to the end of March
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Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop
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Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services
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Assets under management stand at £17.6bn
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Net client flows reached £1.1bn
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Comes amid half-year company results
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However, International arm of the business is undergoing strategic review
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Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
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Key events for UK wealth managers for the week starting 26 February
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