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Liontrust records net inflows of £255m

Liontrust records net inflows of £255m

Liontrust Asset Management has reported net inflows of £255m for the year ending March 31 2016, driven primarily by the UK retail business.

The annual results showed that while the institutional business recorded net outflows of £48m, this was more than offset by the UK retail division receiving £223m of net flows while the Managed Portfolio Services (MPS) added a further £54m.

While the overall inflows of £255m are below the £667m recorded in 2015, which included £315m of institutional net inflows from a single client, it has helped boost the firm’s assets under management by 7 per cent to £4.8bn up from £4.5bn in March 2015.

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The majority of the assets, approximately £2.6bn, sit within the firm’s Economic Advantage process, while a further £969m of assets are in the Macro Thematic process.

John Ions, chief executive of Liontrust, commented: “We have continued along our growth path with a sixth consecutive year of positive flows and AUM will be more than £5bn once we have completed the merger of the European Income business of Argonaut Capital Partners. This growth is testament to the quality and determination of the people at Liontrust.”

He added: “We have further broadened our investment teams this year, which is a strategy we are committed to.

“Adding teams is in itself not a problem, the greater challenge is in finding ones that provide the rigorous investment process and discipline that we and our clients demand. We are not looking to offer every investment proposition, more to ensure we offer the best we can in those chosen areas.”

In addition the firm announced in the results statement that after six year Adrian Collins will be moving from executive chairman to non-executive chairman at the next annual general meeting.