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Premier defies Q1 turbulence as inflows climb

Premier defies Q1 turbulence as inflows climb

Premier Asset Management half-year results show the firm has enjoyed strong inflows despite a sharp uptick volatility in early 2018.

New client commitments in the six months to 31 March 2018 totalled £411 million, taking the company's total funds to £6.8 billion.

Over the full year, the business took in £847 million in new business while the following wind of booming stock markets drove total assets £1.3 billion higher.

The most recent three month period is the twentieth successive quarter Premier has seen reported net business growth. 

Chief executive Mike O'Shea said: ‘Our focus continues to be on our existing investment products, including our twelve multi-asset funds, our equity funds and absolute return funds.’

‘But we have also continued to develop our product range, including appointing Geoff Kirk as co-manager of the Premier Optimum Income fund alongside Chris White, and announced changes to our client service model for advisers, such as the launch of PremierConnect, during the period.’

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