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Premier Miton's positive summer flows reverse as Autumn Budget jitters drive £133m outflow
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Chief executive Mike O'Shea said the positive flows momentum came to a halt in September due to «significant uncertainty» ahead of the 30 October Budget, which he said had «dented investor sentiment more recently». «As a result, the improving environment for sales that we saw over the summer has reversed,» the CEO said in a trading statement today (11 October). Net flows for September were negative, with a «meaningful redemption» from one of the firm's UK-focused investment trust. Premier Miton poaches Tatton investment specialist to spearhead MPS launch However, O'Shea said he...
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