Premier Asset Management has reported assets under its management have increased by a fifth in the year to the end of September.
The fund house saw a 22 per cent increase in assets under management (AUM) for the the year to 30 September 2017.
On that date the firm managed assets of £6.1bn, up from £5bn for the full year to end of September 2016.
The company said its AUM has expanded further since compiling its published update, to £6.3bn as at 28 November 2017.
Net inflows for the year were £747m.
The company said that on a five year time horizon, 97 per cent of its assets under management are ahead of the median returns for their sector.
Mike O’Shea, chief executive of Premier Asset Management said: “I am pleased to report another successful year for Premier Asset Management.
"This has been achieved by continuing to produce good long-term investment outcomes for our clients, after fees, across a range of relevant investment products.
"This, coupled with the strength of our distribution capabilities and broader business platform has enabled us to grow assets under management during the year."
Mr O'Shea said he expects investment and political conditions to remain uncertain, "and quite possibly volatile", over the coming year.
However he said the firm continues to see good opportunities.
"We believe that the ongoing low interest rate environment will continue to make well diversified, income paying investment strategies attractive and we feel strongly that good active management will continue to offer investors the opportunity to achieve their long-term investment goals.”
David.Thorpe@ft.com
