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Premier Miton upbeat on outlook but reports net ouflows in Q4
(Sharecast News) - Premier Miton reported net outflows over its fourth quarter, causing shares to drop sharply on Friday despite a confident outlook from the fund manager. Assets under management totalled £10.33bn by 30 September, down from £10.47bn three months earlier, as a £48m positive investment performance was offset by outflows of £191bn.
Notably, the company experienced combined outflows of £347m from its US and European equity strategies during the period, which presents a "near-term challenge", according to chief executive Mike O'Shea.
On a positive note, fixed income and absolute return strategies saw "encouraging momentum" with combined inflows of £325m, which O'Shea said reflects "growing investor confidence in our approach to capital preservation and delivering strong returns".
However, outflows were also reported in UK equities, multi-asset multi manager funds and multi-asset direct and diversified funds.
Looking forward, O'Shea said: "Our diversified and genuinely active asset management model gives us confidence in returning the overall business to net inflows, assuming stable or improving market conditions in 2026."
Nevertheless, the stock was down 3.2% at 61p in early deals.
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