Premier Miton Q3 Assets Dip to £10.5bn Amid Reduced Outflows

Premier Miton’s Q3 Update: A Dip, But Momentum Shifts

Premier Miton’s latest quarterly update reveals a nuanced story: assets under management (AuM) dipped to £10.5bn (from £10.7bn a year ago), but beneath the headline figure, there are clear signs of stabilisation. Net outflows of £173m for the quarter might seem stark, but it’s actually a notable improvement from £221m in Q2. Chief Executive Mike O’Shea rightly calls this progress – and the details suggest the firm might be turning a corner.

Where the Money Moved

The outflow narrative isn’t uniform. Two areas shone brightly:

• Absolute Return & Fixed Income: These strategies saw continued net inflows (£76m and £84m respectively), buoyed by consistent performance and investor demand for diversification.
• UK Equity Outflows Halved: The real eyebrow-raiser? Net outflows from UK equity funds reduced by over 50% compared to the average of the previous four quarters. O’Shea pins this on “improving investor sentiment and solid fund performance.”

European equity remained a sore spot (£132m outflow), but even here, there’s a twist: the strategy delivered stellar performance, ranking second out of 130 funds in its sector during the period. Premier Miton clearly expects this performance to eventually stem the outflow tide.

Performance: The Engine for Recovery

You can’t talk about flows without highlighting performance – and Premier Miton has a strong hand here. Over 70% of its funds beat their median peers over both the last three and six months. This isn’t luck; it’s the bedrock for rebuilding investor confidence and attracting new capital. Short-term volatility driven by US tariffs and Middle East tensions might have rattled markets, but Premier Miton’s funds largely weathered it well.