Premier Asset Management Group PLC Trading Statement (4190B)
January 10 2018 - 2:00AM
UK Regulatory
TIDMPAM
RNS Number : 4190B
Premier Asset Management Group PLC
10 January 2018
10 January 2018
Premier Asset Management Group PLC
("Premier" or the "Company")
Q1 2018 Trading Update and Interim Dividend
Premier Asset Management Group PLC (AIM: PAM) today announces
its trading update for the three months to 31 December 2017.
Highlights
-- Total assets under management (AUM) increased 23% to GBP6.4
billion as at 31 December 2017 (31 December 2016: GBP5.2
billion)
-- Total net inflows for the quarter of GBP236 million (3 months
to 31 December 2016: GBP140 million)
-- Nineteenth successive quarter of positive net inflows
-- Total net inflows of GBP843 million for the rolling twelve
months to 31 December 2017 (rolling twelve months to 31 December
2016: GBP684 million)
-- Over the three, five and seven-year periods to 31 December
2017, 96% of Premier's fund AUM was above median, with 76%, 92% and
92% of Premier's retail fund AUM achieving first quartile
performance in their respective IA sectors over the same time
periods*
* Performance figures represent 84% of Premier's total AUM as at
31 December 2017 and exclude absolute return funds, investment
trusts and segregated mandates. Median and quartile ranking figures
are shown relative to respective Investment Association sectors.
Source: FE Analytics, data to 31 December 2017. Net income
reinvested. Data shown net of all fund charges. C share class, or,
where a C share class was not available for the full time period,
the pre RDR bundled or equivalent retail share class has been used
for the period the C share class was not available.
Mike O'Shea, Chief Executive Officer, commented:
"We are pleased to report the continued growth and progress of
our business, with net inflows of GBP236 million over the quarter
to 31 December 2017, representing our nineteenth successive quarter
of positive inflows. These inflows, plus market movements, resulted
in our AUM increasing to GBP6.4 billion. This is GBP1.2 billion
higher than the level 12 months ago. I am also particularly pleased
to report that 2017 was a strong year for investment performance
across our fund range.
Despite the uncertain investment and political conditions, we
believe our focus on active management, good long term investment
results after fees and relevant investment products means we are
well positioned for the future"
Quarterly AUM reconciliation
Q2 2017 Q3 2017 Q4 2017 Q1 2018
--------------- -------- -------- -------- ---------------
Ending Ending Ending Ending 31 Dec
31 Mar 30 Jun 30 Sep 17
17 17 17
--------------- -------- -------- -------- ---------------
GBPm GBPm GBPm GBPm
--------------- -------- -------- -------- ---------------
Opening AUM 5,206.4 5,529.9 5,841.8 6,087.8
--------------- -------- -------- -------- ---------------
- Sales 522.0 578.5 530.8 570.7
--------------- -------- -------- -------- ---------------
- Redemptions (351.7) (347.7) (325.6) (334.3)
--------------- -------- -------- -------- ---------------
- Net sales 170.3 230.8 205.2 236.4
--------------- -------- -------- -------- ---------------
- Closures - - - -
--------------- -------- -------- -------- ---------------
- Performance 153.2 81.1 40.8 122.0
--------------- -------- -------- -------- ---------------
Closing AUM 5,529.9 5,841.8 6,087.8 6,446.2
--------------- -------- -------- -------- ---------------
Dividend
The Board of Premier has approved the payment of an interim
dividend of 1.65 pence per share for the three-month period ended
31 December 2017. The ex-dividend date will be 1 February 2018 and
the associated record date will be 2 February. The payment date
will be 2 March 2018.
Enquiries:
Premier Asset Management Tel: 01483 306090
Group PLC Mike O'Shea
------------------------- -------------------
Numis Securities Limited Tel: 020 7260 1000
(NOMAD and Broker) Kevin Cruickshank
Charles Farquhar
------------------------- -------------------
Liberum Capital Limited Tel: 020 3100 2000
(Joint Broker) Richard Crawley
Jamie Richards
------------------------- -------------------
Smithfield Consultants Tel: 0203 047 2544
(Financial PR) John Kiely
Andrew Wilde
------------------------- -------------------
About Premier
Premier is a fast-growing UK retail asset management group with
a focus on delivering good investment outcomes for investors
through relevant products and active management across its range of
investment strategies, which include multi-asset, equity and
absolute return funds. Premier had GBP6.4 billion of assets under
management as at 31 December 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
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