Miton has benefited from positive market tailwinds, with AuM +5% to £4.6bn. Net inflows have continued at both group level (+£5m) and in Equity funds (+£42m), which comprises the bulk of AuM. Positive equity markets have helped add £219m additional AuM. This is slightly ahead of our £4,559m estimate and also positive in terms of mix, with greater than expected higher margin AuM. This drives a modest 2- 3% earnings upgrade. With sustained net inflows and material £15m “free” cash, we see an intri ....
10 Apr 2019
Q1 AuM +5%: net inflows, performance tailwinds
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Q1 AuM +5%: net inflows, performance tailwinds
Premier Miton Group Plc (PMI:LON) | 61.5 0 0.0% | Mkt Cap: 99.7m
- Published:
10 Apr 2019 -
Author:
Andrew Watson -
Pages:
3
Miton has benefited from positive market tailwinds, with AuM +5% to £4.6bn. Net inflows have continued at both group level (+£5m) and in Equity funds (+£42m), which comprises the bulk of AuM. Positive equity markets have helped add £219m additional AuM. This is slightly ahead of our £4,559m estimate and also positive in terms of mix, with greater than expected higher margin AuM. This drives a modest 2- 3% earnings upgrade. With sustained net inflows and material £15m “free” cash, we see an intri ....