PREMIER MITON GROUP PLC

Regulatory Filings • Jul 12, 2019

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RNS Number : 2934F

Miton Group Plc

12 July 2019

MITON GROUP PLC

HALF YEAR AuM UPDATE

Miton Group plc (the 'Company' or 'Group'), the AIM quoted fund management group, today provides its unaudited statement of Assets under Management ('AuM') for the half year ended 30 June 2019 (the 'Period').

Highlights

·      Half year closing AuM of £4,724 million (31 December 2018: £4,376 million) (+8.0%)

·      Average AuM for the Period was £4,601 million (2018 H1: £4,126 million) (+11.5%)

·      Net outflows of £82 million in the Period (2018 H1: Inflows of £616 million)

·      £23 million of cash balances as at 30 June 2019 (30 June 2018: £21 million)

Assets under Management

	Opening AuM 1 Jan 2019 £m	Q1 Net flows £m	Q2 Net flows £m	Half year Net flows £m	Market / investment performance £m	Closing AuM 30 Jun 2019 £m
Equity funds^	3,015	42	(45)	(3)	372	3,384
Multi-asset funds	847	(37)	(43)	(80)	57	824
Investment trusts	514	-	1	1	1	516
Total	4,376	5	(87)	(82)	430	4,724

^ includes segregated mandate

David Barron, Chief Executive Officer, commented:

"The Group has seen its AuM increase by £348 million in the Period to close at over £4.7 billion. In common with much of the industry, we experienced outflows from our UK equity funds reflecting both the wider concerns about the UK market and the divergence in returns from different parts of the market, post the 2016 Brexit vote. Our funds are actively managed and at times their performance will differ from peers and the wider market.

By offering a wider range of strategies the Group continues to diversify the business and its revenue streams. At the Period end, for the first time, the Group had four investment teams each managing AuM in excess of £600 million. These and our other strategies have further scope for growth having established critical mass and strong performance track records."

The Group will announce its results for the half year to 30 June 2019 on 23 September 2019.

ENDS

For further information, please contact:

Miton Group plc David Barron, Chief Executive Officer	020 3714 1500
MHP Communications Reg Hoare / Charlie Barker / Robert Collett-Creedy	020 3128 8147 / miton@mhpc.com
Liberum (Nominated Adviser and Broker) Neil Patel / Cameron Duncan	020 3100 2000
N+1 Singer (Joint Broker)         Tom Salvesen	020 7496 3000

www.mitongroup.com / @Miton_AM

Notes to Editors:

Miton Group plc (referred to as the 'Company' or 'Group'), is an equity and multi-asset fund management specialist. As at 30 June 2019 the Group managed £4,724 million of assets across eleven OEICs, two unit trusts, three investment trusts and one segregated mandate.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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