StockMarketWire.com - Premier Asset Management has reported a slight decline in assets under management as it saw outflows of £246m for the fourth quarter ended 30 September 2019.

In a trading update, Premier AM assets under management were £6.6bn as at the end of September, down from £6.9bn the same time last year.

It announced total net outflows of £233m for the 12 months to 30 September, compared to inflows of £734m in the 12 months to 30 September 2018.

Chief executive Mike O'Shea said the results reflected current political and economic uncertainties.

Its final results for the year will be announced on 28 November 2019, while its recommended all-share merger with Miton Group has been approved by shareholders and is expected to be effective on 14 November this year.



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