- Fund manager Miton Group said it had boosted its first-quarter assets under management by 16% after it experienced positive, albeit more modest net inflows.

Assets under management at 31 March amounted to £4.60bn, up from £3.98bn on-year.

Net inflows amounted to £5, compared to £316m on-year.

'In the context of the wider market it is encouraging to see a further quarter of positive net inflows reflecting growth in several of the equity funds that were developed to meet client needs and diversify the business,' chief executive David Barron said.

'Whilst markets have rallied, sentiment remains subdued and clients are still cautious.'

'We believe we are well positioned, if more normal market conditions return, to continue to make further progress through the strength of our differentiated funds and our effective distribution.'

At 9:48am: [LON:MGR] Miton Group Plc share price was -1p at 59.5p

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