Premier Miton encouraged by pipeline after volatility impacts H1 trading

(Sharecast News) - Fund management group Premier Miton reported a 5% fall in assets under management in its first half, with net outflows surging in a volatile period for financial markets, though sentiment has improved in the third quarter. Assets under management totalled £10.2bn by 31 March, down from £10.7bn on 30 September, while net outflows rose to £254m from £46m a year earlier.

The company reported that 69% of funds delivered an above-median investment performance since launch or tenure by the period-end.

Adjusted pre-tax profit slipped to £5.4m from £5.7m the previous year, while the company maintained its interim dividend at 3.0p per share.

Chief executive Mike O'Shea labelled it a "resilient performance [...] despite continued market volatility and investor caution".

However, he added: "Encouragingly, since the period end, AuM has increased to £10.4 billion as of 22 May 2025, supported by improving market sentiment."

The company also reported a "strong pipeline" emerging across fixed income, absolute return and several equity strategies.

"We believe that Premier Miton is well positioned to convert these opportunities into flows as conditions stabilise, and we are focused on delivering long-term value for our clients and shareholders," O'Shea said.

The stock was down 1.6% at 62.95p by 0900 BST.