Premier reveals 'disappointing' outflows prior to Miton merger
£233m in outflows over 12 months
Premier Miton's Mike O'Shea
Premier Asset Management saw £233m in outflows in the 12 months to 30 September 2019, with assets under management falling to £6.6bn ahead of the firm's merger with Miton Group, which completed on 14 November.
This compares to net inflows of £734m in the 12 months to 30 September 2018 and AUM of £6.9bn at the end of that period. Operating profit fell from £13.7m in the 2018 financial year to £15.9m in 2019....
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