Premier Asset Management has delivered an upbeat summary of its performance in the year to September 30 after receiving net inflows of £778m, though these were down from £965m from 2015.
In its first annual results as a listed outfit, Premier said assets under management reached £5bn by the end of September.
This was up 22 per cent from £4.1bn a year before, despite headwinds such as the market fallout following the EU referendum result in June.
Mike O’Shea, chief executive at the firm, highlighted strong investment performance and the positive flows for the group, focused around its flagship multi-asset offerings.
“Very importantly, we have continued to deliver good investment outcomes for our clients in terms of income, growth and risk-adjusted performance,” he said.
“Despite the market volatility following the EU referendum decision, we increased assets under management over the fourth quarter [of Premier’s financial year] and recorded positive net flows in each of three months, supported by demand for the company’s multi-asset funds.”
A statement from Mr O’Shea and Premier chairman Michael Vogel added that the company’s multi-asset offering – which have typically been used by advisers rather than wealth managers - would continue to be play a main role in next year’s strategy.
“A key distribution focus in 2017 will continue to be on advisers for Premier’s multi-asset funds, including income, growth and absolute return funds," they said.
