Premier Miton Group Faces Net Outflows Despite Fixed Income Strength

Premier Miton Group plc (LON: PMI) shares fell 4.5% on Friday after the company reported Assets under Management (AuM) of £10.3 billion as of September 30, 2025, marking the end of its fiscal year.

This figure is down from £10.7 billion a year prior, reflecting net outflows during the fourth quarter.

The asset manager experienced a net outflow of £191 million during the quarter. Despite this overall outflow, Premier Miton saw strong net inflows into its absolute return and fixed income strategies, totaling £325 million.

These inflows indicate investor confidence in the company's approach to capital preservation and returns in these specific areas.

Offsetting these gains were combined outflows of £347 million from the company's US and European equity strategies. Management acknowledges this as a near-term challenge but remains confident in the long-term prospects of these funds.

The company believes its diversified asset management model will enable a return to overall net inflows, assuming stable or improving market conditions in 2026.

Premier Miton is implementing key changes to its equity investment team. Paul Marriage is now Head of the UK Equity Team, Neil Birrell leads the Global Equity Team while remaining CIO, and Gervais Williams becomes Chair of the Equities Business. These changes aim to enhance performance through focused portfolio management and improved team coordination.

The group has identified an additional £2 million in annualised cost savings, building on the £3 million announced earlier in the year.

These savings will be achieved through business efficiencies and deeper integration with Northern Trust. One-off implementation costs are estimated at £0.7 million. These cost-saving measures are intended to offset the impact of a weaker flow environment.

The company is also actively exploring strategic transaction opportunities to enhance shareholder value. These opportunities may include expanding scale, introducing new investment capabilities, or providing access to new client segments. Premier Miton maintains a disciplined approach to inorganic growth.

Premier Miton will release its full financial results for the year ending September 30, 2025, on December 4, 2025.

CEO Mike O'Shea stated, “We saw encouraging momentum in our fixed income and absolute return strategies during the Quarter…Our diversified and genuinely active asset management model gives us confidence in returning the overall business to net inflows,” reinforcing the company’s focus on strategic growth and operational efficiency.