Asset manager Miton Group closes 2017 with £3.82bn portfolio

Investment manager Miton Group plc is celebrating a year of “significant progress” after growing the value of its assets under management (AuM) by 33.6%.

The London-based firm saw its AuM rise to £3.82bn at the end of 2017, up from £2.91bn the year previous.

Profit before tax grew to £6.2m, up 44% against the £4.3m reported in 2016.

Miton’s net revenue for the period rose from £19m in 2016 to £21.8m last year, an uptick of 15%.

The firm’s chief exec, David Barron, said: “I am pleased to report on a year of significant progress for Miton.

“Positive net flows of £494m demonstrated the appeal of our genuinely active investment strategies.”

He continued: “We have produced good long-term investment performance across a range of funds as well as making our operating platform even more efficient to grow the AuM”

“2018 has commenced strongly. We have seen positive net flows with AuM passing £4 billion.”

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