Premier Miton Group reports Q2 AuM update
Why we think this is neutral
The RNS provides a routine quarterly update on the company's assets under management (AuM), which does not contain any significant positive or negative news. While the AuM decreased by 5% during the quarter, the update does not indicate any major operational or financial concerns.
Key Points
- AuM decreased 5% to £10.2 billion during the quarter
- Net inflows into absolute return strategies, but net outflows from UK and European equity funds
- £175 million outflow from the European Opportunities fund
- £3 million of annual cost efficiencies identified to be implemented by September 2025
Summary
Premier Miton Group plc (AIM: PMI) today provided an update on its unaudited assets under management (AuM) for the second quarter of the current financial year. The Group's AuM ended the Quarter at £10.2 billion, a decrease of 5% on the opening position for the financial year. The company saw net inflows into its absolute return strategies, but net outflows from UK and European equity strategies, including a £175 million outflow from the European Opportunities fund. The company has also identified £3 million of annual cost efficiencies to be implemented by September 2025.