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Premier Miton Group PLC - Surrey, England-based asset manager - Says assets under management on March 31 are £11.0 billion, up from £10.6 billion on September 31. AuM were £10.6 billion on October 1. For the second quarter ended on March 31, says net outflows amount to £40 million compared to £32 million net outflows for the financial year to date. Chief Executive Officer Mike O’Shea says: ‘We saw early signs of returning confidence amongst fund buyers in the latter stages of 2022 but this has not followed through into 2023 and the banking shocks that unfolded towards the end of the period have again dented risk appetite. It appears from wider industry data that investors have continued to shun UK equities but have also been more wary on active European and Global equities. There has, however, been an uptick in demand for fixed income strategies where we are well placed to serve our clients.’ Current stock price: 99.50 pence each, down 1.5% on Friday around midday in London 12-month change: down 33% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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