Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • PMI reports GBP 10.5 billion in AUM as of 30 June 2025, down from GBP10.7 billion at FY24 year-end.
  • Premier Miton records net outflows of GBP 173 million, though this marks an improvement from the prior quarter's GBP 221 million.
  • PMI sees continued inflows into fixed income and absolute return strategies, while European equities saw GBP 132 million in net outflows.

Premier Miton Group plc (AIM: PMI), a UK-based fund management company, has reported assets under management (AuM) of GBP 10.5 billion as of 30 June 2025 in its unaudited third-quarter update for the financial year ending 30 September 2025. The figure reflects a slight decline from GBP 10.7 billion at the end of September 2024.

The company experienced net outflows of GBP 173 million during the quarter, an improvement from the previous quarter’s GBP 221 million. While overall flows remained negative, there was continued interest in Premier Miton's absolute return and fixed income strategies, which attracted new investments. The group also reported that over 70% of its funds delivered above-median performance over the past three and six months.

Net outflows during the June quarter continued to reflect sector-specific investor preferences and broader macroeconomic uncertainty. Premier Miton's UK equity funds, which have seen sustained withdrawals in prior periods, experienced reduced net outflows down by more than 50% compared to the average across the last four quarters.

European equity strategies continued to face challenges, with net outflows of GBP 132 million. However, company management noted that the strategy’s recent performance ranked second out of 130 in its sector during the period. Management suggested that, should performance trends persist, investor interest may return in the coming quarters.

In terms of institutional developments, the group reported a new mandate acquisition shortly after the quarter ended. On 7 July 2025, Premier Miton successfully onboarded a new institutional absolute return mandate seeded with GBP 50 million. The firm also disclosed ongoing discussions for another institutional mandate, targeted for finalisation before the end of the financial year.

Management pointed to the strength of the group’s recent fund performance. Over 70% of funds were ranked above median across both the three- and six-month performance periods, which the company sees as a foundation for future flow recovery. The third quarter was shaped by external pressures including rising global trade tensions—particularly US tariffs—and geopolitical developments in the Middle East. These factors contributed to market volatility, impacting investor behaviour and allocation decisions across asset classes.

CEO Mike O'Shea acknowledged the challenging backdrop but pointed to emerging positives. “While volatility persists, we’re encouraged by signs of improved sentiment and a strengthening new business pipeline,” he stated. The company is focused on converting opportunities in fixed income, absolute return, and select equity strategies into net inflows in the second half of the year.

PMI share were trading at 2.10% lower at GBX 70.00 per share on 11 July 2025.