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Premier AM sees £140 million Q4 inflows

Premier AM sees £140 million Q4 inflows

Premier Asset Management has experienced its 15th consecutive quarter inflows increasing total assets under management to £5.2 billion as at 31 December 2016.

The company recorded net inflows of £140 million in the three months to December, taking the total figure to £684 million for the rolling twelve months to year end.

In its interim statement, the business also said that it is expecting to announce its first interim dividend later this month, to be paid in early March.

Mike O’Shea (pictured), chief executive, said: ‘The first quarter of the current financial year was overshadowed by the US election and although the early reaction of most major equity markets was to head higher, the uncertainty this created made for a generally difficult environment for fund sales. Despite this, we have continued to increase AUM and had our fifteenth consecutive quarter of net positive sales which is pleasing.

‘Looking forward we expect the political, economic and business environment to remain uncertain as we head into 2017 and therefore we believe the market for fund sales will continue to be very competitive.

'Despite this, we are confident that our strategy of offering relevant investment products, which are designed to meet the different long‐term needs of UK investors, backed by good investment returns, a strong distribution capability and scalable operating platform, positions us well to deliver for our fund investors and our shareholders.’

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