Premier backs active to beat political uncertainty

Pile and a stack of coins with technical chart of financial instruments. A concept about currency trading or investing which investors must analyse and make the right decision for optimal profits.Premier Asset Management has reported a 16 per cent increase in assets under management as it backs active management to overcome political instability in the years ahead.

The Guildford-headquartered manager says it has increased AUM from £5.5bn in March 2017 to £6.4bn this March.

Net inflows were £411m in the six months to March, up 32 per cent year on year, which the manager says is its twentieth successive quarter of positive net flows.

Premier says it will continue to focus on its current core proposition – twelve multi-asset funds alongside equity and absolute return offerings – in the wake of future volatility.

Would stepping back from equities would be a mistake?

Chief executive Mike O’Shea says: “Looking ahead, it seems likely that although interest rates will head higher as the global economy improves, they will remain lower overall than in previous economic cycles. With equity markets now looking through the current economic upturn to what lies beyond, it is likely that market volatility will be higher than in recent years and political uncertainty will continue to have an impact.

“In this environment, we believe there will be good opportunities for actively managed funds to produce attractive long-term investment outcomes for investors.”

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