Uncertainty in global markets caused Liontrust to suffer £7m outflows from April 30 to June 1.
Assets under management were at £4.46bn at the end of last month dropping from £4.5bn at the end of March.
However, after the ucertinainty of the UK elections was removed, assets under management jumped up to £4.55bn.
John Ions, chief executive at Liontrust said the outflows were due to “the period of great uncertainty for investors”. He noted that this was thanks to the UK general election, the ongoing negotiations between Greece and the rest of the Eurozone and the IMF and the volatility in the Chinese stock market.
The group launched a new Global Strategic Equity fund on 17 July. The fund is run Patrick Cadell. It is allowed to take long and short positions and is currently spotting good long opportunities in India, China and Indonesia while being more cautious on Thailand, Brazil and South Africa.
A spokesperson from the group said the fund is being targeted to wealth managers and an international audience. It comes as Liontrust makes a wider push into the European market, which saw it establish a Luxembourg office at the end of last year.
Mr Ions said: “The enhancement of our investment offering is important in meeting clients’ changing asset allocation and diversification requirements, particularly during periods of political, economic and market uncertainty. This is a key strategic objective of the business for the next year.”