Premier Asset Management has reported its 21st successive quarter of positive net inflows, which has boosted total assets under management (AUM) to £6.8bn.
For the quarter ended 30 June 2018, the group saw total net inflows of £202m, bringing the total net inflows for the rolling 12 months to end of June to £819m.
This combined with positive market movements has resulted in AUM reaching £6.8bn, a record high and £1bn higher than the figure this time last year.
Mike O'Shea, chief executive officer, commented: "We are pleased to report another strong quarter for the business. Net inflows of £202m represent our 21st successive quarter of positive net inflows, AUM increased to a record high, and fund performance remains strong. These inflows, plus market movements, resulted in
our AUM increasing to £6.8bn. This is £1bn higher than the level 12 months ago.
"These results show that Premier is well positioned in terms of our product range, performance and distribution capability.
"Against a background for investment firms and our clients of economic and political uncertainty, combined with the very fast pace of technological change, we believe our focus on relevant, actively managed investment products, including our multi-asset, equity and absolute return funds, combined with our focus on client service, means we remain well positioned for the future."
Last year, the group re-launched its Global Utilities vehicle as a Global Infrastructure Income fund, providing an alternative source of income for investors, and also launched a Diversified Income fund for CIO Neil Birrell.
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