LONDON (ShareCast) - (Sharecast News) - Premier Miton Group updated the market on its unaudited statement of assets under management for the fourth quarter on Friday, reporting closing assets under management of £10.6bn at 30 September, up from £10.3bn on 30 June.
The AIM-traded firm noted that two fixed income funds were launched on 14 September, with the first being the Premier Miton Strategic Monthly Income Bond Fund, which sits in the IA Sterling Strategic Bond sector.

Assets under management at period end there totalled £55m.

The Premier Miton Financials Capital Securities Fund, meanwhile, sits in the IA Specialist sector, with assets under management at period end totalling £64m.

It also said Alan Rowsell joined the group on 1 October from Aberdeen Standard Investments, where he was manager of the £1.2bn Global Smaller Companies fund since 2012.

A new Premier Miton Global Smaller Companies fund launch was planned for the first quarter of 2021.

"The group saw a return to net positive flows in August and September reflecting a combination of continued inflows across a number of the single strategy funds along with early traction for the new fixed income team," said chief executive officer Mike O'Shea.

"The group has made a series of key appointments in the financial year that will allow it to offer new products to investors in Global Sustainable Equity, Global Small Cap and Fixed Income.

"At the same time, it is encouraging to see strong performance across a wide range of our existing single strategy equity and fixed income funds, which now represent the majority of our total assets under management."

O'Shea said the company had "considerably strengthened" its distribution capabilities over recent months and, as a result, was approaching the coming financial year with "optimism" that it could continue to build flows in the area.

At 1606 BST, shares in Premier Miton Group were up 5.83% at 101.6p.

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