Company Announcements

Q1 2019 AuM UPDATE

Source: RNS
RNS Number : 6763V
Miton Group Plc
10 April 2019
 

MITON GROUP PLC

 Q1 2019 AuM UPDATE

 

 

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

 

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."

ENDS

 

For further information, please contact:

 

Miton Group plc

David Barron, Chief Executive Officer

 

 

020 3714 1500

MHP Communications

Reg Hoare / Charlie Barker / Robert Collett-Creedy          

 

 

020 3128 8147 / miton@mhpc.com

Liberum (Nominated Adviser and Joint Broker)

Neil Patel / Cameron Duncan     

 

 

020 3100 2000

N+1 Singer (Joint Broker)       

Tom Salvesen

 

 

020 7496 3000

www.mitongroup.com / @Miton_AM

 

Notes to Editors:

Miton Group plc (referred to as the 'Company' or 'Group'), is an equity and multi-asset fund management specialist. As at 31 March 2019 the Group managed £4,600 million of assets across eleven OEICs, two unit trusts, three investment trusts and one segregated mandate.


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