Premier Miton Group (PMI) investor relations material

Assets under management and flows

• AuM at 31 December 2025 was £9.6 billion, down from £10.3 billion at 30 September 2025.

• Net outflows for the quarter totaled £870 million, with £550 million from US and European equity strategies.

• Fixed income strategies saw net inflows of £163 million, reflecting strong client demand.

• £119 million of outflows were linked to corporate actions and capital returns from investment trusts.

• Estimated AuM as of 13 January 2026 was £9.7 billion.

Performance and outlook

• Market and investment performance contributed £103 million to AuM during the quarter.

• Short-term performance improved in several key strategies, especially in the US.

• Falling interest rates are expected to create a more favorable environment for active equity investing in 2026.

• Fixed income franchise continues to attract significant interest from wholesale and institutional clients.

• Advanced discussions are underway to onboard an absolute return institutional mandate with an initial investment of around $80 million.

Strategic initiatives and positioning

• Ongoing focus on international distribution is expected to support future growth.

• The group maintains a strong product offering and clear strategy, with confidence in long-term prospects.

• Disciplined cost management and ongoing investment in core capabilities remain priorities.

• Open-minded approach to potential M&A opportunities.