Liontrust hits £4.8bn AUM

Liontrust Asset Management PLC, the UK listed independent asset manager, has confirmed its assets under management were £4.8bn (€5.7bn) as of 30 June, with net inflows of £66m (€78.8m ) in the period 1 April to 30 June.

Flows for the period starting 1 July were boosted by £156m in new mandates, while the next reported quarterly AUM figure is set to be boosted by some £283m from the acquisition of the European income fund business from Argonaut Capital Partners LLP, which is expected to complete on 8 July.

John Ions, chief executive, confirmed that the recent UK referendum had been front and centre of the business focus over the period covered by the latest results.

“We have achieved another quarter of positive flows totalling £66m in spite of increased caution among investors about UK equities in the lead up to the Referendum vote and the market volatility following the result on the morning of 24 June,” he said.

“I have talked often about the importance of focusing on managing money and servicing our clients as best we can and concentrating on those issues that are within our control. This is particularly pertinent following the vote by the UK electorate to leave the European Union.”

“We do not know at this stage when negotiations for Brexit will begin or what Brexit may look like. What we do know is that people will still need to save and will continue to need good quality fund managers to help them achieve their financial objectives. During such political, economic and market uncertainty, our rigorous and repeatable processes stand us in good stead with our investors. We are also focused on providing regular, targeted and helpful communication to all our clients to help steer them through this volatile period.”

Currently, Liontrust’s business is heavily weighted to UK retail investors. Of the £4.8bn in total AUM reported, some £3.3bn is attributed to this client segment. Of the £66m in net inflows to the business, some £36m is attributable to retail customers, and £17m from institutional investors.

Two years ago, the manager announced its intention to push deeper into Continental European markets with a particular set of hirings, as reported by InvestmentEurope at the time:



Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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