StockMarketWire.com - Miton Group said its assets under management in the first half of 2019 had risen 8%, as a positive market performance offset net outflows from its funds.

The company's assets under management for the six months through June rose to £4.72bn, up from £4.38bn at the end of December.

Net outflows of £82m were recorded in the period, compared to it reporting £616m of net inflows on-year.

'In common with much of the industry, we experienced outflows from our UK equity funds reflecting both the wider concerns about the UK market and the divergence in returns from different parts of the market, post the 2016 Brexit vote,' chief executive David Barron said.

'Our funds are actively managed and at times their performance will differ from peers and the wider market.'

'By offering a wider range of strategies the group continues to diversify the business and its revenue streams.'

'At the period end, for the first time, the group had four investment teams each managing AuM in excess of £600m.'

'These and our other strategies have further scope for growth having established critical mass and strong performance track records.'





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