Premier AUM reaches record high in Q4 despite 'political uncertainty'

AUM totals £6.9bn

Premier Asset Management has reported its 22nd successive quarter of positive net flows, which has boosted its total assets under management (AUM) to £6.9bn.

For the quarter ending 30 September, the end of the firm's financial year, Premier saw total net inflows of £120m, down from the £202m inflows seen in the three months to June. Net inflows for the rolling 12 months to the end of the financial year totalled £734m. The group's total AUM increased year-on-year by 13% to reach a record high of £6.9bn despite "ongoing economic and political uncertainty". Mike O'Shea, chief executive of Premier, commented: "Our focus continues to be on providing relevant investment products to our clients, including our market-leading multi-asset fund range...