StockMarketWire.com - Fund manager Miton said its funds under management for the first nine months of its financial year had grown 7%, despite experiencing net outflows from its funds.

Assets under management for the nine months through September rose to £4.68bn, up from £4.38bn at the end of December.

Net outflows amounted to £121m for the period, compared to net outflows of £927m on-year.

'Since the half year, further progress has been made in the diversification of the group with strong demand for our non-UK focused equity funds,' chief executive David Barron said.

'At the period end, the group has four portfolio management teams each managing in excess of £750m.'

'On 9 October 2019 a special resolution was passed approving the all-share merger with Premier Asset Management.'

'The merger is now subject to regulatory approval and also sanction from the court which is expected on 14 November 2019.'






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