Join our community of smart investors

Premier maintains solid run of inflows

The UK-focused fund manager grew assets under management, despite choppier equity markets
April 10, 2018

Premier Asset Management (PAM) enjoyed its 20th consecutive quarter of net inflows during the first three months of the year at £175m. That was equivalent to net organic growth of around 15 per cent during the past 12 months and helped boost overall assets under management to £6.4bn.

IC TIP: Buy at 235p

That rise in assets for the multi-asset and equity fund manager came despite choppier equity markets during the period. In fact, investment losses were £256m during the first quarter and £134m over a six-month period. Nevertheless, Numis analysts upgraded their earnings per share forecast for this year marginally to 14.5p.