Miton Group Plc AuM Update (4859D)
October 10 2018 - 1:00AM
UK Regulatory
TIDMMGR
RNS Number : 4859D
Miton Group Plc
10 October 2018
MITON GROUP PLC
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 nine
months ended 30 September 2018 (the 'Period').
Highlights
-- 30 September 2018 closing AuM of GBP4,868 million (30
September 2017: GBP3,532 million) (+38%)
-- Total net inflows of GBP927 million in the Period (nine
months to 30 September 2017: GBP312 million) (+198%)
-- Average AuM for the Period was GBP4,320 million (nine months
to 30 September 2017: GBP3,252 million) (+33%)
Assets under Management
Opening Nine Closing
AuM Q1 Q2 Q3 months Market AuM
1 Jan net net net net / investment 30 Sept
2018 flows flows flows flows performance 2018
GBPm GBPm GBPm GBPm GBPm GBPm GBPm
Equity funds 2,379 269 266 286 821 130 3,330
Multi-asset
funds 839 61 47 23 131 (8) 962
Investment
trusts 605 (14) (13) 2 (25) (4) 576
Total 3,823 316 300 311 927 118 4,868
Progress
-- Eight consecutive quarters of positive net inflows
-- 13 out of 16 funds are first or second quartile performers
since manager tenure to 30 September 2018(1)
David Barron, Chief Executive Officer of Miton Group plc,
commented:
"It is encouraging to report that the Group has continued to see
positive net inflows across a wide range of strategies and good
long-term performance. The Group achieved the 9(th) largest net
retail sales in the UK in the second quarter of 2018, as noted in
the Pridham Report.
After a number of years where markets have risen strongly,
several major markets have seen declines in 2018. Despite this
background, Miton has achieved strong flows and with our range of
genuinely active funds and strong distribution, we are well-placed
for an environment where returns on all asset classes may be
challenged by the end of quantitative easing and rising interest
rates."
Notes
(1) The quartile performance rankings are based on Investment
Association sector classifications, with data sourced from FE
Analytics in GBP using Class B Shares, net income reinvested, mid
to mid basis for OEIC funds and bid to bid for FP Miton Income and
MI Miton Cautious Monthly Income funds. Performance for Investment
Trusts is calculated on share price, ranked against Association of
Investment Companies sector classifications, and is sourced from FE
Analytics. All data is as at 30 September 2018.
ENDS
For further information, please contact:
Miton Group plc
David Barron
Chief Executive Officer 020 3714 1474
MHP Communications
Reg Hoare / Simon Hockridge / Charlie Barker 020 3128 8100
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 30
September 2018 the Group managed GBP4,868 million of assets across
eleven OEICs, two unit trusts, three investment trusts and one
segregated mandate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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