Outflows continue to mount for Premier Miton

Main outflows from UK equities

Premier Miton Group taken another hit in the latest quarter, adding £335m in outflows to its year-to-date total.

For the period from 31 March to 30 June the company's AuM shrank from £12.8bn to £11.3bn. This period in markets was marred by geopolitical volatility, mainly caused by the continuing war in Ukraine, and reworked central bank policies trying to get some control over inflation. Mike O'Shea, chief executive officer of Premier Miton, cited these reasons for the group's lacklustre few months but added that it was UK equities which were the main source the outflows. Premier Miton makes Jupiter business hire This portion of the market has been consistently unpopular with investors gen...