Miton has been caught in the wash of market volatility during Q4. The Q4 update shows AuM down 10% to £4.4bn, however inflows continued (+£92m) contrasting a £584m impact from markets. Updating for this reduces our FY19e EPS forecast by 24%. Funds attracted >£1bn net inflows across 2018; indicative of the weight which UK intermediaries attribute to process-driven investment strategy and active returns. We believe that Miton is well positioned to benefit should markets improve.
18 Jan 2019
£1bn net inflows, but market impact FY19e EPS
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£1bn net inflows, but market impact FY19e EPS
Premier Miton Group Plc (PMI:LON) | 61.5 0.3 0.8% | Mkt Cap: 99.7m
- Published:
18 Jan 2019 -
Author:
Andrew Watson -
Pages:
3
Miton has been caught in the wash of market volatility during Q4. The Q4 update shows AuM down 10% to £4.4bn, however inflows continued (+£92m) contrasting a £584m impact from markets. Updating for this reduces our FY19e EPS forecast by 24%. Funds attracted >£1bn net inflows across 2018; indicative of the weight which UK intermediaries attribute to process-driven investment strategy and active returns. We believe that Miton is well positioned to benefit should markets improve.