Multi-assetJul 11 2017

Premier continues run of inflows

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Premier continues run of inflows

Fund house Premier racked up £231m of net inflows in the three months to June 30 2017, bringing its assets under management to around £5.8bn.

Mike O'Shea, chief executive at the firm, said the figures marked a 17th consecutive quarter of positive flows against a backdrop of uncertainty.

"These results have been achieved in an environment of continued market uncertainty driven by various factors, including the unwinding of quantitative easing and the lack of clarity arising from the UK referendum result last year," he said.

"At the end of quarter, the FCA published their final report on their asset management market study.  We note their recommendations and are now waiting for the outcome of the next stage of consultations."

In the 12 months to the end of June Premier, which listed last year, took in some £636m of net inflows.