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Premier Miton CEO bets on fund sales boost from falling rates as outflows slow
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investmentweek.co.ukIn a trading update for the third quarter published today (12 July), the AIM-listed asset manager reported that AUM fell by 0.9%, from £10.7bn at the start of April to £10.6bn, as market gains of £39m failed to offset net outflows of £139m. Investors withdrew £100m from multi-asset funds and £77m from equities, while £79m flowed into fixed income strategies and investment trusts remained flat. These outflows were slower than the £268m reported last quarter. «It is pleasing to note that we have seen continued demand for our fixed income funds as well as a more recent improvement in the...
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