StockMarketWire.com - Premier Asset Management has lifted its total Assets under Management in Q2 to £5.5bn, with total net inflows of £170m in the three months to 31 March.

"The challenges resulting from the UK's decision to leave the European Union are likely to continue to dominate the investment landscape for UK based investors," said CEO Mike O'Shea.

"At the same time, the boost to economies and asset prices that followed central government intervention through quantitative easing seems to be ending," said O'Shea.

"We believe that in this environment, where interest rates are still likely to remain at historic low levels, the value of good, active management will be ever more important."

He also noted macro political events in the past six months had inevitably led to heightened caution amongst retail investors and that has made the backdrop for fund sales more challenging.

"Despite this, we are pleased to report positive net flows across our fund range over the six month period of £311m. AuM growth was 11% over the six months ended 31 March 2017 and 22% from the AUM level twelve months ago."

During the three months to 31 March, Premier Asset Management also achieved its sixteenth consecutive quarter of positive net flows.

"We are pleased to note that both our three and five-year performance across our assets under management remains strong, as we continue to focus on delivering good long-term outcomes for our clients, after all fund charges."






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