Premier AUM hits record £6bn amid run of positive inflows


Premier's CEO Mike O'Shea

Premier’s CEO Mike O’Shea

Premier Asset Management has ended its financial year reporting its 18th consecutive quarter of positive net inflows.

In a trading update for its fourth quarter ending 30 September 2017, the group reported total net inflows of £205m, bringing the total net inflows for its financial year, ending on the same date, to £747m.

This also led to AUM to reach a record high of £6.1bn.

Mike O’Shea, chief executive officer, said: “This strong performance has been achieved despite a considerable amount of economic uncertainty during the year.

“Our success has been built on achieving good long-term investment outcomes for our clients, after fees, across our range of relevant investment products. We remain convinced that over the long term, active management represents the best way of achieving our clients’ investment objectives.”

Premier grows assets by 11% as inflows remain positive

He echoed concerns that clarity regarding the ongoing Brexit negotiations was lacking but remained optimistic:  “The economic and business challenges relating to the UK’s departure from the EU are no clearer than they were several months ago and this uncertainty looks set to persist for some time yet.

“However, we believe that our investment talent, product range, investment performance track record and distribution capabilities mean that we are well positioned for the future.”

This year, the group has re-launched its Global Utilities vehicle as a Global Infrastructure Income fund, providing an alternative source of income for investors.

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