Premier Miton Group PLC - Guildford, Surrey-based asset management firm - Assets under management at December 31, the end of its first quarter, totalled £10.1 billion, up 3.1% from £9.8 billion at September 30. Net fund outflows for the quarter totalled approximately £200 million, including from sale of the Premier Miton Worldwide Opportunities Fund, with mandate transfer and fund disposal totalling around £100 million. Company also reports continued ‘relatively strong’ investment performance with 75% of funds in first or second quartile of their sectors since launch or fund manager tenure.

Company also agreed during the quarter to take on investment management of a Dublin-based UCITS platform with approximately £100 million in AuM, as part of its ‘ambition to develop [its] presence in the offshore fund market’. Neither this or the Worldwide Opportunities fund disposal are material to Premier Miton’s cash position.

Current stock price: 64.45 pence, up 7.4% on Friday morning

12-month change: down 45%

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