Miton Group Plc – Q1 2019 AuM UPDATE

Miton Group Plc – Q1 2019 AuM UPDATE

Miton Group plc, the AIM quoted fund management group, today provides a quarterly update of its unaudited statement of Assets under Management for the three months ended 31 March 2019.

Highlights

  • 31 March 2019 closing AuM of £4,600 million (31 March 2018: £3,975 million) (+16%)
  • Total net inflows of £5 million in the Period (three months to 31 March 2018: £316 million)
  • Average AuM for the Period was £4,525 million (three months to 31 March 2018: £3,918 million) (+15%)
  • Tenth consecutive quarter of positive net inflows

Assets under Management 

Opening
AuM
1 Jan
2019
£m

Three
month
net
flows
£m

Market / investment performance
£m

Closing
AuM
31 Mar
2019
£m

 

Equity funds^

3,015

42

187

3,244

Multi-asset funds

847

(37)

29

839

Investment trusts

514

3

517

 

Total

4,376

5

219

4,600

^includes segregated mandate

David Barron, Chief Executive Officer, commented: “In the context of the wider market it is encouraging to see a further quarter of positive net inflows reflecting growth in several of the equity funds that were developed to meet client needs and diversify the business. Whilst markets have rallied, sentiment remains subdued and clients are still cautious. We believe we are well positioned, if more normal market conditions return, to continue to make further progress through the strength of our differentiated funds and our effective distribution.”

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