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July 10, 2020

Premier Miton announces new product launches and hires as assets grow

Premier Miton Group has unveiled plans to launch new products and make hires as its AuM rises to £10.3bn.

At the end of June 2020, the firm’s AuM totalled £10.3bn, up 12% from £9.1bn as at 31 March 2020.

Lloyd Harris, who previously worked at Merian Global Investors, has been named head of fixed income and lead manager of the Premier Corporate Bond Monthly Income fund.

Harris has been working since 2012 at Merian, which he quit following its acquisition by Jupiter.

He will be supported by Merian’s other fixed income investment team members, which oversaw around £1bn across three funds. The team includes co-manager Simon Prior.

Premier Miton also appointed Alan Rowsell as manager of a planned new global smaller companies fund.

Rowsell will join from Aberdeen Standard Investments, where he managed the £1.2bn ASI Global Smaller Companies fund.

He will assume the new responsibility at Premier Miton this October.

Premier Miton also intends to roll out new fixed income products before the end of this year. The move awaits regulatory nod.

Premier Miton CEO Mike O’Shea said: “The single strategy funds continued to see inflows across several products. Leading this was the European equity investment team with inflows in the Period bringing their AuM to £1.48 billion as at 30 June 2020.

“I am pleased to report that the LF Miton European Opportunities Fund is the best performing European ex UK equity fund since its launch and the fund very recently won Best European fund at the Investment Week Fund Manager of the Year Awards 2020 along with best Europe fund in the Money Observer Fund Awards 2020.

There was a slowdown in outflows across the multi-asset and fixed income products compared to the previous two quarters. Looking forward we continue to see growth opportunities across our range of both new and established funds.”


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