Premier Miton haemorrhages £1.1bn in outflows despite positive performance

87% of portfolios outperformed

Eve Maddock-Jones
clock • 1 min read

UK-based fund house Premier Miton revealed it saw net outflows of £1.1bn for the year to 30 September 2022, a significant reversal on the £830m inflows it enjoyed the year prior.

In the group's full year results published today (2 December), it showed its assets under management totalled £10.6bn for the period, down from £13.9bn in 2021, marking a 24% reduction overall. These outflows came despite a majority of the firm's funds outperforming during the year, with 87% ranking the first or second quartile, in their respective sectors, an increase on last year's 83%. Only one fund ranked in the fourth quartile for the year. Premier Miton AUM drops £3.3bn Evidently, the group has been unable to avoid the impact macroeconomic and geopolitical events has had on i...

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