Premier Miton suffers net outflows from open-ended funds in Q1 AUM update

Closing AUM remained flat

Lauren Mason
clock • 2 min read
Premier Miton's Mike O'Shea
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Premier Miton's Mike O'Shea

Premier Miton saw £87m of net outflows during the first quarter of its current financial year (30 September to 31 December 2020) following a “challenging period for UK fund flows in general”, according to its latest AUM update.

Closing AUM over the period remained flat at £13.9bn, although it included the winding up of the firm's £101m Acorn Income fund as well as outflows. As such, investment trust assets under management fell from £784m to £674m over the period, which comprised net outflows of £100m and a £10m detraction due to performance. Elsewhere, Premier Miton's equity funds suffered net outflows of £70m, although strong performance - with 80% of the firm's funds achieving first- or second-quartile returns relative to their sectors - adding £145m onto AUM. Premier Miton Global Renewables handed LSE's ...

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