StockMarketWire.com - Premier Asset Management Group's asset under management rose to £4,998.5m in the three months to the end of September - up from £4,593.9m.

Total net inflows over the year ended 30 September was £778m and net inflows over the fourth quarter was £95m.

Over a three and five-year period to 30 September, 96% and 94% respectively of Premier's retail fund AUM were above median, with 71% and 73% of Premier's retail fund AUM achieving first quartile performance in their respective IA sector over the same time periods (excluding absolute return and volatility targeted funds).

Chief executive Mike O'Shea said: "Premier has enjoyed another year of AUM growth supported by strong net sales and a good long-term record of producing attractive investment outcomes for our clients. Our focus has continued to be on our multi-asset, income and absolute return funds, which address strong demand from retail investors.

"Despite the market volatility following the EU referendum decision, we have continued to increase AUM over the fourth quarter and recorded positive net sales in each of the three months, supported by demand for the Company's multi-asset funds, and with an improving net sales trend being experienced from July to September.

"We are confident that our strategy of offering relevant investment products, which are designed to meet the different long-term needs of UK investors, backed by good investment results, a strong distribution capability and scalable operating platform positions us well to deliver for our fund investors and for our shareholders." The company expects to announce its final audited results for the year ended 30 September 2016 in early December 2016.




At 2:26pm: [LON:PAM] Premier Asset Management Group Plc Ord 0.02p share price was 0p at 134.5p



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